Invincible Investment Corp Placement - Decent Accretion Despite the Large Dilution
Invincible Investment plans to raise around US$230m to fund the acquisition of six hotel assets in Japan. In this note, we talk about the deal...
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Keisei (9009): Connecting Narita and Tokyo
Japan's tourism scene is clearly back as we discussed above although the Chinese tourists' presence is still dearly missed. Keisei connects...
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Rakuten Bank IPO Early Look - The Positives - Has Grown Fast over the past Few Years
Rakuten Bank, the online banking arm of Rakuten Inc (4755 JP), aims to raise around US$500m in its Japan listing in April 2023. In this note, we...
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Japan's Retailers, Hotels, Carriers Rejoice: Domestic Tourism Surges and Inbound Traffic Rises
Tourism is back in Japan, both domestic and inbound. We outline some of the key beneficiaries and expectations for a return to 2019 levels by next...
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Daiei Kankyo Pre-IPO - Steady, at Best
Daiei Kankyo (9336 JP) (DK), a waste management company, aims to raise around US$280m in its Japan IPO. In this note, we look at the company's past...
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