Simpson Thacher recently represented the international managers in connection with Timee, Inc.’s ¥46.8 billion (approximately US$307 million) initial public offering on the Tokyo Stock Exchange, including an offering to institutional investors outside Japan 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 existing shares sold by several selling shareholders, including the founder of the company, Ryo Ogawa.
Timee, Inc. is a leading on-demand job platform in Japan that matches workers with part-time jobs posted by employers.
The international managers for the international offering were Daiwa Capital Markets Europe Limited, Merrill Lynch International and Morgan Stanley & Co. International plc.
The Simpson Thacher team included Taki Saito, David Snowden, Xochitl Romo and Anni Cai (Capital Markets); Jon Cantor and Emma Wang (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).