Reginal Thomas
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Japan Display's Shares Bounce Back After Bad IPO

Apple's supplier for screens on the iPhone; Japan Display saw its shares rise today after having the worst debut for any Asia-Pacific IPO worth at least $1 billion since 2008. Share were up as much as 3.8% reaching 792 yen. Japan Display raised 318.5 billion yen in it IPO. The IPO was headed by Nomura Holdings Inc., Morgan Stanley and Goldman Sachs Group Inc.

The company planned to sell shares in the range of 900 yen to 1,100 yen, they sold 140 million new shares and investors including Song offered 213.9 million existing shares. Japan Display gets over 30% of its business from Apple.