Integral Corporation Completes ¥18 Billion Initial Public Offering
09.20.23
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Simpson Thacher recently represented the international managers in connection with Integral Corporation’s ¥18 billion (approximately US$120 million) initial public offering on the Tokyo Stock Exchange, including an offering to U.S. institutional investors who are “qualified purchasers,” as defined in the Investment Company Act, pursuant to Rule 144A, and to institutional investors outside Japan and the United States pursuant to Regulation S. The shares in the international offering consisted of both newly issued shares of Integral Corporation as well as existing shares sold by a co-founder of Integral Corporation as the sole selling shareholder.
Integral Corporation is an independent private equity management company advising funds that invest in both listed and unlisted companies in Japan.
The international managers for the international offering were Daiwa Capital Markets Europe Limited, Merrill Lynch International and Nomura International plc.
The Simpson Thacher team included Alan Cannon, David Snowden and Xochitl Romo (Capital Markets); and Michael Mann and Mohanad Salaimi (Tax).