The Japan Securities Dealers Association (JSDA) announced yesterday that they are talking to the Osaka Stock Exchange (OSE) over the possible sale of shares in JASDAQ.
JSDA currently holds 72.6% of JASDAQ. Its leadership believes the integration of JASDAQ with Hercules, a market for start-up companies controlled jointly by the OSE and JASDAQ, makes sense. Details of the sale and integration of the two platforms are expected to emerge in the New Year.
“Market observers see that the integration might trigger to streamline further the administration of stock exchanges for start-ups,” says a spokesman for Mizuho Corporate Bank in Tokyo. “At the moment, shares of start-ups companies are traded on six stock exchanges.”