iMac-imitator Sotec floated for the first time on Nasdaq Japan yesterday.
Initial reaction on the exchange was good, with the company’s share value rising 19 per cent.
Sotec plans showrooms, product development and intends launching Internet related businesses. The company was among the first Japanese manufacturers to sell computers for under £650 (100,000 Yen).
The company tripled its pre-tax profit in the second quarter of this year.