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MITSY Mitsui and Company Ltd (PK)

1,046.07
14.60 (1.42%)
24 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Mitsui and Company Ltd (PK) USOTC:MITSY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  14.60 1.42% 1,046.07 1,044.02 1,046.25 1,059.50 1,011.24 1,011.24 2,101 21:20:03

KKR-Backed PHC Holdings Plans $740.6 Million Initial Public Offering

06/10/2021 11:39am

Dow Jones News


Mitsui (PK) (USOTC:MITSY)
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From May 2021 to May 2024

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   By Kosaku Narioka 
 

KKR & Co.-backed PHC Holdings Corp. said it plans to sell shares worth 82.55 billion yen ($740.6 million) in an initial public offering.

The Japanese healthcare-device maker, formerly known as Panasonic Healthcare, said Wednesday it plans to offer 6.6 million new shares and 18.8 million shares held by existing shareholders, including KKR, Japanese trading house Mitsui & Co. and Panasonic Corp.

The IPO price of Y3,250 apiece was at the lower end of the Y3,250-Y3,500 range used in a book building process and would value the company around Y400 billion, given about 123.0 million shares outstanding at the time of listing.

The shares are scheduled to be listed on the Tokyo Stock Exchange on Oct. 14.

KKR, which bought the healthcare business from Panasonic in 2014, held a 46% stake in the company as of Sept. 7, while Mitsui owned a 20% interest and Panasonic had 11% ownership.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

(END) Dow Jones Newswires

October 06, 2021 06:24 ET (10:24 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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