TV Tokyo makes strong TSE debut

Newly listed TV Tokyo Corp. was popular Thursday on the Tokyo Stock Exchange, fetching an initial price of 3,350 yen per share on the first section.

The initial quote for the company, the last of Tokyo’s five main commercial TV networks to list its stock on Japan’s largest bourse, was above the initial public offering price of 2,900 yen.

“There is great interest over the stock’s TSE trading due to its name recognition as a key commercial TV station,” said Nagayuki Yamagishi, senior strategist at UFJ Tsubasa Securities Co.

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