A Tiny Omron (6645 JP) Offering - What's Behind It?

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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<p>MUFG is selling 3.3m shares of <a href="https://www.smartkarma.com/entities/15904" target="_blank" data-smartkarma-citation="entities:15904:1">Omron Corp (6645 JP)</a>, worth approximately, US$184m. Post-sale, MUFG will still hold 2.5% of the company's total outstanding shares.</p><p>The deal scores very well on our framework owing to the strong earnings momentum and better balance sheet compared to peers. However, it was partially offset by its expensive valuation relative to peers. The company recently announced a strong Q2 result. The extended trading should also allow the selldown to be priced in and the…</p>

MUFG is selling 3.3m shares of Omron Corp (6645 JP), worth approximately, US$184m. Post-sale, MUFG will still hold 2.5% of the company's total outstanding shares.The deal scores very well on our framework owing to the strong earnings momentum and better balance sheet compared to peers. However, it was partially offset by its expensive valuation relative to peers. The company recently announced a strong Q2 result. The extended trading should also allow the selldown to be priced in and the…

Omron Placement - Everything You Need to Pocket the Placement Discount