Worth reading
49Recurring
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
946
¥100 million (estimated net proceeds from PayPay's offering)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Initial public offering of American depositary shares in the United States (primary offering and secondary offering)
発行・処分する株式数
54,987,214 ADSs, plus up to 8,248,081 ADSs pursuant to the option to purchase additional ADSs (exercised in full)
Intended allottee
No specific allottees, as this is a public offering. Underwriters: Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC
US$16 per ADS
Amount of funds to be raised
Total amount to be paid in for the offering: Not disclosed; estimated net proceeds: ¥94.6 billion (US$603 million)
Terms of the stock acquisition rights
Exercise price
The purchase price under the option to purchase additional ADSs is US$16 per ADS. The adjustment provisions and floor price were Not disclosed
Exercise period
30 days from the date of the final prospectus (option to purchase additional ADSs)
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
Basis for determining the amount to be paid
US$16 per ADS. The reference share price and discount or premium rate used as the basis were Not disclosed
Impact on Business Performance
The amount equivalent to the gain on the sale through this offering and secondary offering will not be recorded in the consolidated income statement, but will be recorded as capital surplus on the consolidated balance sheet
| Item | Details |
|---|---|
| Type of issuance or disposal | Initial public offering of American depositary shares in the United States (primary offering and secondary offering) |
| Number of shares to be issued or disposed of | 54,987,214 ADSs, plus up to 8,248,081 ADSs pursuant to the option to purchase additional ADSs (exercised in full) |
| Issue price and disposal price | US$16 per ADS |
| Amount of funds to be raised | Total amount to be paid in for the offering: Not disclosed; estimated net proceeds: ¥94.6 billion (US$603 million) |
| Intended allottee | No specific allottees, as this is a public offering. Underwriters: Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC |
| Basis for determining the amount to be paid | US$16 per ADS. The reference share price and discount or premium rate used as the basis were Not disclosed |
| Exercise price | The purchase price under the option to purchase additional ADSs is US$16 per ADS. The adjustment provisions and floor price were Not disclosed |
| Exercise period | 30 days from the date of the final prospectus (option to purchase additional ADSs) |
| 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 |
| Impact on Business Performance | The amount equivalent to the gain on the sale through this offering and secondary offering will not be recorded in the consolidated income statement, but will be recorded as capital surplus on the consolidated balance sheet |
Items this document does not state (17)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesNumber 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.To report the completion of the initial public offering and the full exercise of the option to purchase additional ADSs granted in connection with the overallotment.
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.