Japanese financial institutions to sell $1.2 billion in Asics stock

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 ...