OSAKA -- Starbucks Coffee Japan Ltd. made a superb debut Wednesday on the Nasdaq Japan stock market as investors scooped up shares of the high-profile firm.
The Tokyo-based operator of Starbucks coffee outlets in Japan finished its first day at 70,000 yen, up 6,000 yen or 9.38 percent from its initial public offering price of 64,000 yen.
The close marks a turnaround from the recent weakness of new listings in which seven previous issues finished their first day lower than their IPO prices.