Japan: PHC prepares for ¥172bn IPO on TSE

Plate at the entrance of Tokyo Stock Exchange building.

Japan-based manufacturer of healthcare devices and services, PHC Holdings has filed with the Tokyo Stock Exchange (TSE) for a listing of its shares on the stock exchange. The IPO could raise up to ¥172bn (US$1.56bn) for the medical equipment maker. The deal will be split into roughly 5.8 million new shares and 40.7 million secondary…

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