A group of Japanese financial entities, including 15 banks and investment funds, plans to sell 73,916,500 shares of Asics’ common stock at 2,442.5 Japanese Yen (€14.60) per share through a secondary offering. This move comes after a remarkable year for the Japanese sportswear company, with its stock price surging over 150 percent due to significant growth in sales and profitability.
The total expected proceeds from this sale are ¥180.5 billion (€1.08bn), which could rise further if an additional 11,087,400 shares in the overallotment option are fully subscribed. The offering does not involve any new shares or directly benefit Asics. The delivery of shares is scheduled for July 30.
