Mazda has timed it right: others should follow its lead
The big demand for Mazda’s jumbo capital raising is a positive sign for Japan’s ECM market. Other companies with similar recapitalisation goals should take advantage of the country’s strong equity markets and recent currency depreciation to do the same. They may not have the chance for long.
Mazda launched a ¥230bn ($2.85bn) capital raising last week, and is already picking up a wealth of demand from investors.
The company undeniably chose the right time to launch.
The Nikkei 225 is up 10.45% since the start of the year and the yen fell 5.9% against the
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