GMO Internet Cancels Secondary Offering Amid Market Concerns

GMO Internet ( (JP:9449) ) has shared an update.

GMO Internet Group, Inc. has decided to cancel its planned secondary offering of shares for its subsidiary, GMO Internet, due to unfavorable market conditions and to protect shareholder interests. The company remains committed to meeting the continued listing criteria by the end of 2025, and the cancellation will not impact its financial performance.

The most recent analyst rating on (JP:9449) stock is a Buy with a Yen4200.00 price target. To see the full list of analyst forecasts on GMO Internet stock, see the JP:9449 Stock Forecast page.

More about GMO Internet

GMO Internet Group, Inc. operates in the technology and internet services industry, providing a range of services including internet infrastructure, online advertising, and financial services. The company is focused on maintaining its market position and compliance with listing criteria on the Tokyo Stock Exchange Prime Market.

YTD Price Performance: 37.76%

Average Trading Volume: 366,688

Technical Sentiment Signal: Buy

Current Market Cap: Yen383.4B

For detailed information about 9449 stock, go to TipRanks’ Stock Analysis page.