US IPO

SPAC Raises Funds 100 Times Larger Than the Entire Tokyo Stock Exchange

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What is a SPAC? Evo Acquisition, a blank check company targeting the tech and financial industry, on February 9th raised approximately $109 million.  Following the surge of IPOs by other black check companies, Evo Acquisition plans to list on the Nasdaq under the symbol of EVOJU. Evo Acquisition is a special purpose acquisition company (SPAC), which their sole objective is to acquire startup companies rather than owning their own commercial operations. As an alternative name “blank check company” suggests, a SPAC is not an ordinary type of company; and it has gain popularity over recent years. How They Work SPACs generally collect capitals from their investors through utilizing the reputable foundation of well-known private investors and sponsors, whom are part of the management, in order […]

US IPO

A Guide to the US Capital Markets for Japanese Companies Vol.1

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(last updated at February 4, 2021) NTT DoCoMo and Kyocera delisting from NYSE in 2018 In April 2018, NTT DoCoMo delisted its ADR from the New York Stock Exchange (NYSE).  This follows Nippon Telegraph and Telephone Corporation’s (NTT) (holding company of the NTT Group) delisting from the NYSE in April 2017.  In February 2018, Kyocera announced that it was also delisting from the NYSE, which is expected to be completed by September of the same year.  NTT DoCoMo, as a reason for deciding to delist from NYSE, said, “the external environment has significantly changed as indicated by the increases in trading volume of Japanese stocks through stock exchanges in Japan by overseas investors due to the internationalization of the Japanese financial and capital markets, as […]