Michinoku Bank

Akita Michinoku Capital Says KFC Operator Yum China to Raise $2.2 Billion in Hong Kong Secondary Listing

Retrieved on: 
Friday, September 4, 2020
Professional services, Retail, Restaurant, Bar, Finance, Consulting, Banking, Food, Beverage, Yum! Brands, Companies, Fast-food restaurants, Restaurants, JD.com, Yum, Taco Bell, Pizza Hut, KFC, Michinoku Bank

Finance executives at Tokyo-based wealth management company Akita Michinoku Capital have said Yum China will price its secondary listing in Hong Kong at a slight discount to its share price in the U.S., putting the fast food-chain operator on target to raise over $2 billion.

Key Points: 
  • Finance executives at Tokyo-based wealth management company Akita Michinoku Capital have said Yum China will price its secondary listing in Hong Kong at a slight discount to its share price in the U.S., putting the fast food-chain operator on target to raise over $2 billion.
  • Yum China, which operates KFC, Pizza Hut and Taco Bell restaurants in China, is the latest Chinese "homecoming" company with a listing in the US now pricing shares in Hong Kong, as the Beijing-Washington conflict reaches its worst state in decades.
  • So far this year, gaming group NetEase raised almost $3 billion through its Hong Kong listing, while online retail giant JD.com managed to raise nearly $4 billion.
  • Established in 2009, Akita Michinoku Capital is a respected wealth management company with a global network reaching over 40+ countries.

Akita Michinoku Capital Says SoftBank-Backed Lemonade Raises $319 Million In U.S. IPO

Retrieved on: 
Thursday, July 2, 2020
Professional services, Data management, Technology, Other Technology, Insurance, Finance, Companies, Akita, SoftBank Group, Economy of Japan, Lemonade, Business organizations, Michinoku Bank

The company then announced they will sell 11 million shares at $29 each," said Oliver Wright, Director of Corporate Equities at Akita Michinoku Capital .

Key Points: 
  • The company then announced they will sell 11 million shares at $29 each," said Oliver Wright, Director of Corporate Equities at Akita Michinoku Capital .
  • According to data collected by Akita Michinoku Capital , SoftBank conducted a $300 million funding round for Lemonade last year, which at the time valued the business at $2.1 billion.
  • Head of Corporate Trading at Akita Michinoku Capital , Martin Thornton, said "Lemonade has not turned a profit since its launch in 2015.
  • Established in 2009, Akita Michinoku Capital is a respected wealth management company with a global network reaching over 40+ countries.