Tokyo, Japan - based Nomura Holdings, Inc. (NMR) said Thursday that it resolved the issuance of new shares and secondary offering for up to about 511.33 billion yen. The estimated proceeds will be used to make investments in the company's consolidated subsidiaries in each region
Nomura Holdings noted that 776 million shares of common stock will be offered, of which 366 million will be offered through a public offering in Japan and 400 million shares for the International offering.
The amount determination date will be specified on any day between October 5 and October 7. Nomura said that the payment date shall be any day from October 13 to 15.
The Japanese offering shall be made to the public in Japan and purchased by the Japanese underwriters. A maximum of 70.30 million would be granted to the international managers with a purchase option, of which 329.7 million new shares to be purchased by the international managers. The international managers would be granted an option to purchase up to the amount of additional shares of the common stock offering. The international offering shall be made primarily in Europe, conditional upon successful offering to institutional investors in the U.S. and Canada.
In the secondary offering a maximum of 34 million shares of the company's common stock would be offered by one of the Japanese Underwriters, borrowed from certain shareholders of the company. Based on the demand for the Japanese offering and other conditions the amount of secondary offering will be reduced or the Japanese secondary offering will be scrapped entirely.
The company intends to issue New Shares by way of third-party allotment of 34 million common stock of the company, with subscription date is within October 26 and payment date on October 27.
NMR is currently trading down 14.23% at $6.57, on the NYSE.
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