Japan Airlines Co. relisted its shares Wednesday on the first section of the Tokyo Stock Exchange, opening a new chapter as a publicly traded company two years and seven months after its bankruptcy led to the delisting of the former state-owned carrier.
JAL stock ended its first day of trading at ¥3,830, slightly above its initial offering price of ¥3,790. At one point, the stock topped ¥3,900.
Based on the initial quote, JAL's market value is nearly ¥700 billion, making it the largest initial public offering in Japan since Dai-ichi Life Insurance Co. was listed in April 2010.