Renesas Electronics and Selling Shareholder Complete ¥417.7 Billion Equity Offering
06.30.21
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Simpson Thacher recently represented Renesas Electronics Corporation (“Renesas”) in connection with a primary offering of 192,252,800 newly issued shares of common stock and a secondary offering of 163,535,900 shares of common stock by INCJ, Ltd. as the selling shareholder. The offering raised ¥417.696 billion in gross proceeds.
Renesas delivers complete semiconductor solutions and is a global leader in microcontrollers, analog, power and SoC products for a broad range of automotive, industrial, infrastructure and IoT applications.
The Simpson Thacher team included Taki Saito and Lowell Battles (Capital Markets); Jon Cantor and Zachary Fialkow (Tax); and Jennifer Neilsson (Executive Compensation and Employee Benefits).