Key details – Determination of the base price

The Exchange receives bid and offer quotations from 8 a.m. to 9 a.m. on the date of the initial listing to determine the base price of the initial listing date.


Investors can submit bid and offer prices within the range of 90% and 200% (price range for quotations: announced in advance through the website of the Exchange, mass media, etc.) of the price stipulated by the Exchange during the time of quotation receiving hours for determination of the base price.


Trading after 9 a.m. is executed by individual competitive trading at multiple prices within the range of daily price limit based on the base price decided above.