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ARTICLE | Financial News

Ribomic sets IPO range

September 9, 2014 2:14 AM UTC

Ribomic Inc. (Tokyo, Japan) plans to sell 1.2 million shares at Y2,000-Y2,300 in its IPO on the Tokyo Stock Exchange's Mothers. At the Y2,150 midpoint Ribomic would raise Y2.6 billion ($24.5 million) and be valued at Y26 billion ($246.7 million). The IPO is underwritten by Daiwa Securities; SMBC Nikko Securities; Mizuho Securities; Nomura Securities; and SBI Securities. ...