Internet Initiative Japan shares tumble
A Reuters newswire report on CNN/Money:
Internet Initiative Japan Inc. said Friday it would withdraw its planned listing on the Tokyo Stock Exchange's Mothers market for startups, saying it was having difficulty meeting listing requirements.
Shares in Internet Initiative Japan plunged more than 20 percent in early morning Nasdaq trading.
The U.S.-listed Japanese Internet access provider was originally due to list next Thursday, with the aim of raising some ¥1.9 billion ($17.43 million).
posted by Fergie @ 6/17/2005 08:20:00 AM
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