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The latest update is out from Nippon Building ( (JP:8951) ).
Nippon Building Fund Inc. has set the pricing and key terms for a new public offering of 157,200 investment units and a secondary over-allotment offering of 7,800 units, with an issue and offer price of ¥142,492 per unit and a paid-in amount of ¥138,130 per unit, including a substantial tranche aimed at overseas investors in Europe and Asia. The REIT will also conduct a third-party allocation with an upper limit of ¥1,077,414,000, bringing total net proceeds from the primary offering and third-party allocation to up to approximately ¥22.8 billion, which will be used to help finance the acquisition of specified domestic real estate trust beneficiary interests previously announced, underscoring the fund’s continued portfolio expansion and capital-raising activity in Japan’s listed REIT market.
The most recent analyst rating on (JP:8951) stock is a Hold with a Yen154067.00 price target. To see the full list of analyst forecasts on Nippon Building stock, see the JP:8951 Stock Forecast page.
More about Nippon Building
Nippon Building Fund Inc. is a Japanese real estate investment trust (REIT) listed on the Tokyo Stock Exchange, managed by Nippon Building Fund Management Ltd. The REIT primarily invests in domestic real estate trust beneficiary interests, focusing on office and commercial properties in Japan, and finances its growth through capital markets offerings of investment units.
Average Trading Volume: 18,947
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1237.8B
See more insights into 8951 stock on TipRanks’ Stock Analysis page.