Shares of Timee ¡ª the developer of an innovative job matchmaking app helping to address Japan¡¯s severe labor shortage ¡ª rose as much as 28% in their first day of trading.

The stock surged to as high as ?1,855 ($12.07) Friday on the Tokyo Stock Exchange¡¯s Growth market after the nation¡¯s largest initial public offering (IPO), so far, this year.

The shares were sold at ?1,450, the top of the expected range.