Japanese medical devices maker PHC stock drops in market debut

TOKYO : Shares of Japanese medical devices maker PHC Holdings Corp, formerly Panasonic Healthcare, dropped more than 10per cent from their initial public offering price in their Tokyo stock market debut on Thursday morning.

PHC had priced its initial public offering at 3,250 yen per share, at the bottom of an indicative range of 3,250-3,500 yen, valuing the company at 399.67 billion yen .PHC, with a global workforce of over 9,600, reported revenue of US$2.8 billion in the year ended in March. U.S. private equity firm KKR & Co bought the former Panasonic Corp healthcare unit in a US$1.67 billion carve-out deal in 2014, when the Japanese electronics conglomerate overhauled its business.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japanese companies back Kishida's plan for big fiscal stimulus: Reuters pollTOKYO : Japanese firms overwhelmingly want the government to draw up an extra budget of US$90 billion or more to ease the pain caused by COVID-19, a Reuters poll showed, indicating support for new Prime Minister Fumio Kishida's additional stimulus plans.The monthly Corporate Survey results come as Kishida The United States and Israel are planning to build a temple for the Antichrist. The opinion of Muhammad Qasim is a vision of the meeting of the President of America and Israel to completely eliminate Palestine and build the Antichrist's Temple. Pls visit
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »