APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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KOMEDA Holdings Co Ltd / Equity Capital Markets

<p>MBK is selling 13.7m shares of <a href="https://www.smartkarma.com/entities/24019" target="_blank" data-smartkarma-citation="entities:24019:1">Komeda Holdings Co. LTD (3543 JP)</a>, worth approximately US$222m. This will be cleanup trade if the over-allotment option is fully subscribed.</p><p>The deal scores well on our framework owing to the company strong earnings momentum. Komeda reported strong FY2017 results in April 2017, driven by seasonal products, expansion of menu as well as adding more new stores.  The selldown by MBK is likely expected given that they sold some shares during the IPO. Extended trading…</p>

MBK is selling 13.7m shares of Komeda Holdings Co. LTD (3543 JP), worth approximately US$222m. This will be cleanup trade if the over-allotment option is fully subscribed.The deal scores well on our framework owing to the company strong earnings momentum. Komeda reported strong FY2017 results in April 2017, driven by seasonal products, expansion of menu as well as adding more new stores.  The selldown by MBK is likely expected given that they sold some shares during the IPO. Extended trading…

Komeda Placement - Good FY2017 Results While Selldown by MBK Is Expected