The Boxing Day debut of Optimus Group on the second section of the Tokyo Stock Exchange marked the year’s final IPO.
The used-car exporter opened at 2,001 yen, 11 per cent above its offering price, and ended the day at 2,325 yen.
Today’s outlook shows that shares had risen to 2825 yen. The price of 2,825 yen equals a price of 35.27 NZD at the current exchange rate for JPY/NZD.
“We’re committed to meeting the market’s expectations and growing our profits,” President Nobuya Yamanaka said to Nikkei, regarding the listing earlier this week.
Tagged with: IPO
The company plans to offer a total of 1,611,200 common shares.
Optimus Group Co Ltd announces initial public offering (IPO) on the Tokyo Stock Exchange (TSE) on December 26, 2017.
The stock will begin trading on the TSE under the symbol “9268.”
In its initial public offering, the company plans to offer a total of 1,611,200 common shares, of that 270,600 will be newly issued shares and 1,340,600 will be privately held.
The company says the nominal offering price as of filing date of Registration Statement is 1,710 yen per share with total offering amount to be 2.76 billion yen, and the fixed offering price to be announced at a later date.
If the offering price is achieved and the allocation fully subscribed, the group will realise approximately 35 million NZ dollars.
Nomura Securities Co Ltd will be underwriting this offer.