Japan to sell NTT DoCoMo and parent shares

Article Abstract:

The Japanese government plans to list NTT DoCoMo, the mobile telecommunications unit of Nippon Telegraph and Telephone Corp, on the first section of the Tokyo Stock Exchange on Oct 22, 1998. The company and its underwriters have since Sep 25, 1998, been engaged in a book-building exercise designed to establish the correct price for the shares in the present market. DoCoMo has an extremely profitable cellular telephone business, but there are still uncertainties about how its relationship with its parent company will develop after the latter's break-up.

Privatization, Privatization (Business)

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NTT DoCoMo offer is world's largest initial public offering

Article Abstract:

Shares in Japanese cellular telephone concern NTT DoCoMo were listed on the Tokyo Stock Exchange on Oct 22, 1998. The opening price was Y4.6 million per share, an 18% premium to the issue price. The initial public offering raised a total of $18.4 billion, and the overall book was subscribed around 2.5 times, generating demand of around $46 billion. Almost all the highest quality investors from around the world participated in the offering, which was the largest initial public offering so far.

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Asia Public Offer: NTT DoCoMo

Article Abstract:

NTT DoCoMo, a Japanese provider of cellular telephone services, generated a significant profit through its initial public offer in Oct 1998, despite unfavorable market conditions. The telephone company sold 327,000 stock shares and Nippon Telephone & Telegraph, the parent company, offered 218,000 shares. Nikko Securities and Goldman Sachs coordinated the stock offer.

Japan, Securities issued, listed

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