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GMO Internet ( (JP:9449) ) has provided an update.
GMO Internet Group has finalized the number of shares to be sold in a secondary offering of its consolidated subsidiary GMO Internet, Inc., including shares tied to an exercised greenshoe option. In total, 61.5 million shares were sold in the secondary offering, with an additional 6.43 million shares sold through the greenshoe, as part of a broader transaction that also included a new share issuance by the subsidiary.
Following these transactions, GMO Internet Group’s ownership in GMO Internet, Inc. will fall from 91.9% to 60.5%, though the unit will remain a core subsidiary driving the group’s Internet infrastructure and advertising and media operations. The sales will generate an extraordinary profit of ¥44.7 billion in the parent’s non-consolidated accounts, with limited impact on consolidated earnings, and the group has agreed to a lock-up on further disposals of the subsidiary’s shares through late October 2026.
The most recent analyst rating on (JP:9449) stock is a Buy with a Yen4500.00 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., listed on the TSE Prime Market, is a Japan-based technology conglomerate that operates Internet infrastructure and Internet advertising and media businesses. Through its key subsidiary GMO Internet, Inc., the group focuses on providing core online services that underpin digital communications, commerce, and marketing in Japan and abroad.
Average Trading Volume: 409,412
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen341.8B
For an in-depth examination of 9449 stock, go to TipRanks’ Overview page.