Japan - Skadden Advises Freee K.K. On Its US$329 Million Follow-On Equity Offering.
Legal News & Analysis - Asia Pacific - Japan - Private Equity
12 April 2021
Skadden advised freee K.K. in its follow-on offering of common stock. The company offered 4,481,800 shares at a price of 8,002 yen per share, for a total offer value of 35.86 billion yen (approximately US$329 million). freee K.K. is a leading Japanese SaaS provider of cloud-based accounting, payroll and other software solutions and is listed on the Tokyo Stock Exchange. The offering closed on April 7, 2021. Skadden also advised freee K.K. on its initial public offering on the Tokyo Stock Exchange in December 2019.
For further information, please contact:
Grace Lord, Marketing & Communications Specialist, Skadden