Tokyo, Japan, December 15, 2000-SOFTBANK CORP. announced that SOFTBANK INVESTMENT CORPORATION listed its shares on the Nasdaq Japan Market today. The company’s trading code is 8473. SOFTBANK INVESTMENT is a subsidiary of SOFTBANK’s e-Finance segment operation holding company and wholly owned subsidiary SOFTBANK FINANCE CORPORATION.
The initial public offering price of SOFTBANK INVESTMENT’s shares was 1.5 million yen per share. The stock opened its first day of trading at 1.38 million yen and closed at 1.28 million yen, posting a high of 1.45 million yen and a low of 1.21 million yen, while trading volume for the day was 2,348 shares. SOFTBANK INVESTMENT’s market capitalization, based on today’s closing price, was approximately 135.8 billion yen.
To coincide with the listing, SOFTBANK sold 5,200 shares in SOFTBANK INVESTMENT it holds through SOFTBANK FINANCE, while SOFTBANK INVESTMENT has offered 7,800 shares to the public to increase its capital. These moves have lowered SOFTBANK’s equity position in the company through SOFTBANK FINANCE to 84.9%, from 96.9%. The proceed from the sale of 5,200 shares was approximately 7.3 billionyen ; SOFTBANK expects to report approximately 6.3 billion yen in gains on sales of investment securities at the consolidated base.
| Company name | SOFTBANK INVESTMENT CORPORATION |
|---|---|
| Head office | Tokyo, Japan |
| Date of establishment | July 1999 |
| Paid-in capital | 7,645.8 million yen |
| Representative officer | Yoshitaka Kitao |
| Principal business | Venture incubation services, notably venture capital operations and IPO-related consulting |
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