In today’s briefing:
- Asahi Group Placement – Follow Up – Shaping up for a Christmas Cheer
- Zensho Placement – Good Price to Raise At, at Least for the Company
Asahi Group Placement – Follow Up – Shaping up for a Christmas Cheer
- A group of shareholders aims to raise US$1.3bn (JPY197.8bn) by selling their respective stakes in Asahi Group Holdings (2502 JP) via an extended secondary follow-on.
- We have covered the background of the deal in our earlier note, Asahi Group Placement – Relatively Small One when Compared to Previous Large JP Secondary Selldowns.
- In this note, we talk about the updates since and look at the performance of some of the past large Japan deals.
Zensho Placement – Good Price to Raise At, at Least for the Company
- Zensho Holdings (7550 JP) aims to raise around US$300m via a public offering.
- As per the company it will use the proceeds from the deal for potential M&A transactions.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
💡 Before it’s here, it’s on Smartkarma
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