Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Capital Markets

<ul>
<li>On 22 August, TSE Growth-listed insurance agent  <a href="https://www.smartkarma.com/entities/fp-partner-inc" target="_blank" data-smartkarma-citation="entities:40040:1" rel="noopener">FP Partner (7388 JP)</a> announced a special dividend, a secondary offering of 1.4mm shares, and a move to TSE Prime.</li>
<li>The equity offering is designed to raise tradable share percentage to meet the TSE Prime listing requirement. The move to Prime on 11 September means a TOPIX inclusion end October. </li>
<li>The pattern of "Offering To Get Float to Get TOPIX Inclusion" is well-trod. This one has some interesting dynamics.</li>
</ul>


On 22 August, TSE Growth-listed insurance agent  FP Partner (7388 JP) announced a special dividend, a secondary offering of 1.4mm shares, and a move to TSE Prime.
The equity offering is designed to raise tradable share percentage to meet the TSE Prime listing requirement. The move to Prime on 11 September means a TOPIX inclusion end October. 
The pattern of "Offering To Get Float to Get TOPIX Inclusion" is well-trod. This one has some interesting dynamics.


FP Partner (7388 JP) Offering-To-Get-Float-To-Get-TOPIX-Inclusion

Japan

FP Partner Inc. offers financial services. The Company provides financial planning, insurance marketing and consulting, insurance agency, and other services. FP Partner also offers consultation site operation.

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FP Partner (7388 JP) Offering-To-Get-Float-To-Get-TOPIX-Inclusion

FP Partners is doing an Offering, then a TSE Prime move and TOPIX Inclusion. Often, this pattern is not great. This one is a little different.

Travis Lundy