OSAKA -- The Nasdaq Japan stock market on the Osaka Securities Exchange started trading in its 17th listed stock Tuesday, one more than the Mothers market on the Tokyo Stock Exchange.
The stock is Magclick Inc., an Internet-based advertiser.
Nasdaq Japan, a Japanese version of the U.S. Nasdaq over-the-counter market, began trading in mid-June, six months after Mothers, a market created by the Tokyo exchange for startups, which now lists 16 stocks.
Nasdaq Japan appears to have surpassed Mothers due in part to the name recognition of the U.S. Nasdaq market, which lists a number of top global companies, including Microsoft Corp.
Nasdaq Japan plans to list 11 more companies in the month through Oct. 6, while two companies are expected to debut on Mothers by Sept. 22.