• SHARE

Japanese medical device maker PHC Holdings Corp. and its shareholders are looking to raise as much as ¥172 billion ($1.6 billion) in a Tokyo initial public offering (IPO) that would be country’s biggest in almost three years.

The sale will comprise about 46.5 million shares, of which 5.8 million will be new and 40.7 million will come from existing shareholders including private equity firm KKR & Co., according to terms of the deal. An indicative IPO price has been set at ¥3,700 per share, though the final price will be decided on Oct. 6, the terms show.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)