Trial's Supermarket IPO Raises Record $258 Million in Japan

Trial Holdings, a discount supermarket operator in Japan, raised a record ¥38.85 billion ($258 million) in its IPO, making it the largest listing in Japan for 2024. The company's value surged to $1.73 billion following a 29% rise in its stock price on its debut. The IPO proceeds will be used for expansion and operational enhancements. Trial Holdings operates over 280 supermarkets and has a subsidiary developing IoT software. The successful IPO reflects Japan's increasing IPO activity and a rising stock market.