Colowide Co., Ltd. (JP:7616) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Colowide Co., Ltd. has set the issue price for its new shares at ¥1,697.5 per share, aiming to raise a total of ¥28.85 billion in a primary offering, with additional funds from a secondary offering and third-party allotment. The proceeds from these offerings, estimated at up to ¥31.64 billion, will be used as standby funds for mergers and acquisitions to expand the company’s business by September 2026, with any unallocated funds by that time being used to repay borrowings by March 2027.
For further insights into JP:7616 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money