Market Chatter: Carlyle-Backed Rigaku Plans IPO in Japan in October

MT Newswires Live03:09

Rigaku Corporation, backed by Carlyle Group (CG), is planning an initial public offering in Japan, targeting a market value of 300 billion yen ($2.10 billion), Reuters reported Thursday, citing two sources familiar with the matter.

The IPO is planned for October, with Nomura, Morgan Stanley, and Bank of America as joint coordinators, the report said. Rigaku is a manufacturer of X-ray analysis, measurement and testing instruments.

Carlyle, Rigaku, Morgan Stanley and Bank of America did not immediately respond to MT Newswires' requests for comment, while Nomura could not be reached for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 44.47, Change: +2.15, Percent Change: +5.08

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment