Skymark Airlines Completes ¥32.5 Billion Initial Public Offering
01.05.23
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Simpson Thacher recently represented Skymark Airlines Inc. in connection with its ¥32.5 billion (approximately US$244 million) global offering of shares, including an offering to institutional investors outside Japan pursuant to Rule 144A and Regulation S under the Securities Act. The shares in the international offering consisted of newly issued shares and existing shares sold by selling shareholders.
Skymark Airlines is the third largest Japanese airline, operating 23 routes within Japan.
The international joint lead managers for the international offering were Morgan Stanley & Co. International plc, Daiwa Capital Markets Europe Limited and Merrill Lynch International.
The Simpson Thacher team included Taki Saito, David Snowden and Yuriko Miyasaka (Capital Markets); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Michael Mann and Preston Irace (Tax).