Carlyle-owned Rigaku sets tentative IPO price at 1,230-1,260 yen per share
· CNA · JoinTOKYO : Japanese X-ray testing tool maker Rigaku Holdings set a tentative initial public offering (IPO) price range of 1,230 to 1,260 yen ($8.48) per share against an initial estimate of 1,230 yen, a regulatory filing showed on Wednesday.
The final IPO price of Rigaku, owned by private equity firm Carlyle Group, will be decided on Oct. 17, before the Tokyo Stock Exchange listing on Oct. 25.
Rigaku's indicative IPO price of 1,230 yen announced last month meant the company was on course to raise up to 126.1 billion yen ($848.76 million) through its offering, according to a term sheet reviewed by Reuters.
($1 = 148.5700 yen)
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