LINTEC Prices Secondary Share Offering

MT Newswires Live09-01 18:09

LINTEC (TYO:7966) priced its secondary share offering at 5,335 yen per share, raising 66.4 billion yen through the sale of 12.4 million shares.

The price represents a 3% discount to the Sept. 1 closing price of 5,500 yen, according to a Tuesday filing.

The offering also includes an over-allotment of 1.9 million shares, with the shares to be delivered Sept. 8.

Of the shares in the main offering, 5 million will be sold to overseas investors, mainly in Europe and Asia, excluding the U.S. and Canada.

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