Japan: PHC prices downsized IPO at bottom of marketed range

Japanese medical devices maker, PHC Holdings, has priced a downsized IPO at the low end of the indicated price range of ¥3,250– ¥3,500 to raise ¥71.8bn (US$640m), according to IFR. The company had earlier indicated plans to raise a whopping ¥172bn but revised its intentions at the end of September, cutting the number of shares…