Rare Japanese unicorn Mercari closes up 77 percent in market debut

Mercari Inc. CEO Shintaro Yamada rings a bell during a ceremony to mark the company's debut on the Tokyo Stock Exchange in Tokyo, Japan, June 19, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Flea market app operator Mercari Inc’s shares surged 77 percent in their Tokyo stock market debut on Tuesday, underscoring strong investor appetite for a rare Japanese unicorn bent on U.S. expansion. Shares rose as high as 6,000 yen in early afternoon trade, hitting their daily limit high and valuing the company at […]

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