first stock quotation of the New Year
Specifically the first quoted price at the first exchange meeting of the New Year. A traditional market term.
The first quotation of the year at the opening session was higher than the end of the previous year.
initial public offering price; IPO price
The initial share price set during a public offering. Used in modern financial contexts.
The IPO price exceeded the offering price.
Compound of 初 (hatsu, 'first') and 値 (ne, 'price'). The reading はつね is a straightforward combination.