Japan's Rigaku aims to raise up to $888 million in IPO, term sheet says

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FILE PHOTO: The Tokyo Stock Exchange (TSE) building in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato/File photo
FILE PHOTO: A woman walks next to the logo for Carlyle at the company’s offices in New York City, U.S., June 28, 2022. Picture taken June 28, 2022. REUTERS/Brendan McDermid/File Photo

HONG KONG : Japan's Rigaku, which makes X-ray testing tools, is aiming to raise up to $888 million in its initial public offering in Tokyo, according to a term sheet reviewed by Reuters.

Rigaku, owned by private equity firm Carlye Group, is eyeing a market value of $2 billion after the offering, the term sheet said.

Rigaku is planning to start bookbuilding on Oct. 10 and debut on Oct. 25, the term sheet said.

Source: Reuters

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