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| Courtesy of Cyberdyne |
Cyberdyne, a Japanese developer of medical robot exoskeletons for rehabilitation and elder care, more than doubled in its first day of trading on the Tokyo Stock Exchange's Mothers market. It was the second-best day-one IPO pop among initial public offerings in Japan this year, according to Bloomberg. Cyberdyne's IPO priced at ¥3,700 ($36.16) per share. It closed trading at ¥9,600 ($94.06), a gain of 159%. The company's bionic suits and robot home-health aides are seen as cost savers among an aging Japanese population. Its IPO raised ¥7.8 billion ($76 million). Cyberdyne takes its name from the fictional military robotics company in the "Terminator" movie series. More