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Firm Represents Monex Beans Holdings In $365 Million Secondary Offering of Common Stock

11.09.05

Simpson Thacher represented Monex Beans Holdings, Inc. in a secondary offering of its common stock.  The offering raised proceeds of ¥40 billion ($365 million) for selling shareholders including Sony Corporation and Nikko Cordial Corporation.  The secondary offering was conducted as a public offering in Japan and an international offering under Rule 144A and Regulation S.  Nikko Citigroup acted as the sole global coordinator and lead manager of the offering.  Simultaneous with the settlement of the offering on September 21, 2005, Monex's shares of common stock were transferred to a listing on the first section of the Tokyo Stock Exchange from the second section where they were previously listed.

The Simpson Thacher attorneys who worked on the transaction include David Sneider, Alan Cannon, Aaron Eddington and Mikako Cho in Tokyo and Tamika Cushenberry in New York.