TOKYO, Dec 6 (Reuters) - Shares of Institute for Q-shu Pioneers of Space (iQPS) were untraded with a glut of buy orders in their Tokyo growth-market debut on Wednesday after the satellite imagery startup raised 3.48 billion yen ($24 million) in an initial public offering.

Shares of iQPS were deluged with buy orders at the initial public offering (IPO) price of 390 yen.

Spun off from a Kyushu University space engineering lab in 2005, iQPS becomes the second major space venture to list in Tokyo after ispace inc had a blistering debut in April.

($1 = 146.7100 yen) (Reporting by Kantaro Komiya; Editing by David Dolan)