ARTICLE | Financial News

Ribomic raises $25.7M in Japanese IPO

September 17, 2014 2:04 AM UTC

Ribomic Inc. (Tokyo:4591) raised Y2.8 billion ($25.7 million) through the sale of 1.2 million shares at Y2,300 in an IPO on the Tokyo Stock Exchange's Mothers. The price values the company at Y27.8 billion ($258.3 million). Earlier this month the company said it planned to sell 1.2 million shares at Y2,000-Y2,300. The IPO was underwritten by Daiwa Securities; SMBC Nikko Securities; Mizuho Securities; Ichiyoshi; Ace; SBI Securities; and Monex. ...