In today’s briefing:
- CellSource (4880) TOPIX Inclusion Coming Up
- SBI Sumishin Net Bank IPO Lock-Up – A US$1bn Lockup Release, Will Sell a Little at Some Point
CellSource (4880) TOPIX Inclusion Coming Up
- Today, regenerative medicine service provider CellSource (4880 JP) announced a forecast revision lower for the year ending 31 October. It also announced a new dividend policy and dividend payout.
- It also announced an equity offering of up to 3.542mm shares, increasing float by 60% followed by a move from the TSE Growth segment to TSE Prime.
- The dynamics of shareholder structure and flow mean one can wait this one out.
SBI Sumishin Net Bank IPO Lock-Up – A US$1bn Lockup Release, Will Sell a Little at Some Point
- SBI Sumishin Net Bank (7163 JP) raised around US$370m in its Japan IPO in Mar 2023. Its IPO linked lockup is set to expire on 24th Sep 2023.
- SBI Sumishin Net Bank is a Japanese digital bank set up as a 50-50 joint venture between Sumitomo Mitsui Trust Bank, Japan’s largest trust bank, and SBI Group.
- In this note, we will talk about the lock-up dynamics and updates since our last note.
💡 Before it’s here, it’s on Smartkarma
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