CORRECTED-Shares of ispace Inc untraded in Tokyo debut as buy orders overwhelm sale offers

(Removes erroneous information on NASA contract in 4th paragraph of April 12 story.) By Rocky Swift TOKYO, April 12 (Reuters) - Shares of lunar transportation start-up ispace Inc went untraded in their market debut in Tokyo early on Wednesday, as bids overwhelmed offers.

The company, which has a probe already en route for the moon, raised 6.7 billion yen ($50 million) in an initial public offering (IPO). Shares of ispace were last bid at 293 yen on the Tokyo exchange's growth market, 15% above their IPO price of 254 yen.

The start-up aims to be the first commercial company to land a probe on the moon. In December its Hakuto-R Mission 1 lunar lander was launched aboard a SpaceX rocket that took off from Cape Canaveral, Florida, carrying two robotic rovers. ispace said in a statement on Wednesday it expects the lander to touch down on the moon's surface on April 26 at the earliest.

(Reporting by Rocky Swift and David Dolan; Editing by Kenneth Maxwell)

Reuters

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CORRECTED-Shares of ispace Inc untraded in Tokyo debut as buy orders overwhelm sale offers

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