Worth reading
51Recurring
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
946
¥100 million (estimated net proceeds)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Initial public offering of American Depositary Shares (ADSs) in the United States (primary and secondary offerings)
発行・処分する株式数
54,987,214 ADSs and 8,248,081 ADSs pursuant to the option to purchase additional ADSs. Total primary and secondary offering: 63,235,295 ADSs, including 23,932,960 ADSs sold by selling shareholders and 8,653,079 ADSs in the domestic offering
Intended allottee
Unspecified investors in the public offering. The underwriters are Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC, and Morgan Stanley & Co. LLC
US$16 per ADS
Amount of funds to be raised
Estimated net proceeds of ¥94.6 billion (US$603 million)
Offering structure
Underwriter / lead underwriter
Goldman Sachs & Co. LLC、J.P. Morgan、Mizuho Securities USA LLC、Morgan Stanley & Co. LLC
Overallotment
Maximum of 8,248,081 ADSs under the option to purchase additional ADSs. The option was fully exercised
Basis for determining the amount to be paid
US$16 per ADS. The reference closing price, average share price, discount rate, and premium rate were Not disclosed
Impact on Business Performance
The Company determined that the offering would not have a material impact on its consolidated results or financial position
| Item | Details |
|---|---|
| Type of issuance or disposal | Initial public offering of American Depositary Shares (ADSs) in the United States (primary and secondary offerings) |
| Number of shares to be issued or disposed of | 54,987,214 ADSs and 8,248,081 ADSs pursuant to the option to purchase additional ADSs. Total primary and secondary offering: 63,235,295 ADSs, including 23,932,960 ADSs sold by selling shareholders and 8,653,079 ADSs in the domestic offering |
| Issue price and disposal price | US$16 per ADS |
| Amount of funds to be raised | Estimated net proceeds of ¥94.6 billion (US$603 million) |
| Intended allottee | Unspecified investors in the public offering. The underwriters are Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC, and Morgan Stanley & Co. LLC |
| Basis for determining the amount to be paid | US$16 per ADS. The reference closing price, average share price, discount rate, and premium rate were Not disclosed |
| Underwriter / lead underwriter | Goldman Sachs & Co. LLC、J.P. Morgan、Mizuho Securities USA LLC、Morgan Stanley & Co. LLC |
| Overallotment | Maximum of 8,248,081 ADSs under the option to purchase additional ADSs. The option was fully exercised |
| Impact on Business Performance | The Company determined that the offering would not have a material impact on its consolidated results or financial position |
Items this document does not state (19)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offering
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company stated that PayPay remains a consolidated subsidiary following completion of the initial public offering and that the offering is not expected to have a material impact on consolidated results or financial position. No use of proceeds was disclosed.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.