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The Tokyo office of the Firm recently represented Seven Bank, Ltd. in connection with its initial public offering on the Jasdaq Securities Exchange and global offering to institutional investors pursuant to Rule 144A and Regulation S. The IPO included shares sold by existing shareholders and treasury shares sold by Seven Bank and raised over $500 million, including over-allotment shares, making it Japan’s largest IPO so far this year. The joint global coordinators for the offering were Nomura Securities, Morgan Stanley and Nikko Citigroup.

Seven Bank’s primary business is the provision of ATM services to Japanese consumers through a nationwide network of over 13,000 ATMs, the largest ATM network of any private sector Japanese Bank. Seven Bank is the banking affiliate of one of Japan’s largest retail groups, the Seven & i Holdings group, and most of Seven Bank’s ATMs are located in the convenience stores of Seven-Eleven Japan.

The Simpson Thacher team that worked on the transaction included Alan Cannon, Bob Laplante and Todd Wolfe in Tokyo and Sarah Cogan and Jason Vollbracht in New York.