Rigaku (TYO:268A) has set an offering price of 2,738 yen per share for its secondary offering, comprising a base offering of 29.6 million shares and an over-allotment option of up to 4.44 million additional shares.
The total offering value for the base transaction amounts to nearly 81 billion yen, with underwriters purchasing the shares at 2,623.88 yen per share and reselling them to the public at the offering price, according to a Tokyo bourse filing on Monday.
The subscription period runs from June 2 to June 3, with settlement scheduled for June 8, while the green shoe option can be exercised from June 8 through June 25.
The company said that the securities have not been registered under the U.S. Securities Act, meaning they cannot be offered or sold in the United States without an exemption.