With the Covid-19 induced global bike boom showing no sign of abating, share prices of listed bicycle business including Giant, Accell Group, Thule Group, Fox Factory, MIPS and Dorel Industries (owner of Cannondale, Mongoose, Schwinn, GT etc) have been on the rise.
Shimano quickly zoomed past the price it was trading at before the pandemic (about 18,000 yen per share) to close at an all-time record high of 20,460 yen (A$2,700) per share on May 18. Shimano’s previous high was 19,300 yen (A$254) in March 2015.
As at 2nd June 2020, Shimano had a market capitalisation (total value of shares) of A$24.76 billion dollars.
Most of this article was first published in Bicycle Retailer and Industry News