GMO internet group,Inc. [9449.T]
TOKYO, Apr 10 (Pulse News Wire) – GMO Internet Group,inc. (9449.T) announced today that its board of directors approved a share sale of GMO Internet Co., Ltd.
(9449.T) common stock through an underwriting syndicate led by Nomura Securities, Daiwa Securities, and Mizuho Securities. The sale aims to increase the circulation ratio of shares held by the public to meet listing standards on the Tokyo Stock Exchange Prime Market. Under the agreement, up to 1,489,000 shares, representing approximately 1.00% of total voting rights, will be sold via a tender offer during the period from April 20 to April 23, 2026. The final price will be determined based on the closing price of GMO Internet's common stock on the Tokyo Stock Exchange on either April 28, April 29, or May 1, 2026, multiplied by a factor of 0.90 to 1.00, rounded down to the nearest whole number. Settlement will occur on April 28, April 29, or April 30, 2026, depending on the pricing determination date.
Additionally, GMO Internet plans to issue new shares publicly and conduct an oversubscription allocation sale managed by Daiwa Securities. In connection with this, GMO Internet Group granted Daiwa Securities a greenshoe option to purchase additional shares up to the amount of the oversubscribed allotment. Following the transactions, GMO Internet Group’s stake in GMO Internet will decrease from 44.9% to 43.5%, assuming all oversubscriptions are exercised and the greenshoe option is fully utilized. Despite this reduction, GMO Internet remains a key subsidiary within the group, focusing on internet infrastructure and advertising-media businesses. The individual financial statements of GMO Internet Group may show special gains due to the share sales, which will be disclosed once the precise figures are confirmed.
However, the impact on consolidated earnings is expected to be minor since GMO Internet continues to operate as a wholly-owned subsidiary.
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