In today’s briefing:
- Nippon Paint Holdings Placement – Nothing Particularly Exciting, Needs to Correct
Nippon Paint Holdings Placement – Nothing Particularly Exciting, Needs to Correct
- A group of shareholders of Nippon Paint Holdings, plan to raise around US$1.4bn via selling nearly 6% of the stock.
- The shares haven’t done much this year and despite having corrected by around 40% since the start of 2021, they are trading just about inline with analyst average target price.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
Before it’s here, it’s on Smartkarma
