Colowide Co., Ltd. (JP:7616) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.