Asics Corp. announced plans for a secondary offering, selling shareholders 73.9 million shares at ¥2,442.5 per share, netting $1.2 billion. Asics is not selling shares in the offering.
The secondary offering will be divided into two parts—a Japanese secondary offering of 27.2 million shares and an International secondary offering of 46.8 million shares.
The shares will be sold by 15 Japanese banks, investment funds and other financial institutions. The sellers include MUFG Bank, Ltd.; Sumitomo Mitsui Banking Corporation; Custody Bank of Japan, Ltd.; The Minato Bank, Ltd.; Takenaka Corporation; SMBC Nikko Securities, Inc.; Meiji Yasuda Life Insurance Company; Hyogo Prefectural Credit Federation of Agricultural Cooperatives; Noritz Corporation; Keihanshin Kougyou Co., Ltd.; Sompo Japan Insurance, Inc.; Joshin Denki Co., Ltd.; Sumitomo Mitsui Finance and Leasing Company, Ltd.; Sumitomo Mitsui Card Company, Ltd.; and Sakura KCS Corporation.
Image courtesy Asics
