T he first party for Japan's Internet stocks may be over.
Many investors agree that the recent correction in tech stock prices globally was welcome.
There is now a focus on quality and profitability, and a question of whether Internet-related stocks are excluded from traditional valuation models. While getting in may be expensive, the upside potential may be just as high. However, a look at the performance of some of the newly listed Internet-related stocks on Mothers since commencement last December makes us glad that we didn't get in on the initial public offerings. As seen in the table below, almost all of the recent Internet IPOs in Japan are still sitting below their opening prices. As an individual investor, it's likely that you did not even have a chance to participate in the IPOs anyway.