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Suntory Beverage & Food Ltd Debuts on TSE in Asia's Biggest IPO of 2013 -Kyodo News
Kyodo News reported that Suntory Beverage & Food Ltd debuted on July 2, 2013 on the Tokyo Stock Exchange in Asia's largest initial public offering of 2013. The stock ended the morning session at JPY 3,165, compared with the Company's offering price of JPY 3,100 per share. The IPO will enable the Company to procure approximately JPY 390 billion, which the Company is planning to use to finance mergers and acquisitions overseas. According to research firm Dealogic Holdings, the IPO is the world's second largest in 2013 at around USD 3.8 billion, following the USD 5.0 billion listing of Brazilian financial services company BB Seguridade Participacoes SA in April. Suntory Beverage set the offering price at the lower end of its initially planned range of JPY 3,000 to JPY 3,800, given the recent stock market volatility in Japan. The Company was valued at near JPY 1 trillion based on its opening price of JPY 3,120.
Latest Developments for Suntory Beverage & Food Ltd
- Suntory Beverage & Food Ltd Raises Year-end Dividend Forecast for FY 2013
- R&I Affirms Rating on Suntory Beverage & Food Ltd at "AA-"; Rating Outlook Stable
- JCR Assigns Rating "AA' to Suntory Beverage & Food Ltd; Rating Outlook Stable-Reuters
- Suntory Beverage & Food Ltd Announces Notification Regarding Partial Transfer of Business from U.K. Based GlaxoSmithKline plc
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