IPO
(Initial Public Offering or Listing)
Initial public offerings (IPOs), especially stock listings, are an important strategic tool for corporate growth.
A company can enjoy the benefits of IPOs: increased and diversified fund-raising capabilities through direct financing in the capital market; increased business transactions and alliances through improved name recognition in the media, disclosure, and other IR activities; securing excellent human resources; strengthened management structure through a stronger corporate governance system; and enhanced social credibility and corporate image through an even greater sense of social responsibility. In addition, the company will be able to enjoy the benefits of enhanced social credibility and corporate image through increased social responsibility.
For shareholders, including the founder of the company, the increase in asset value can be achieved by objectifying the value of the shares in the market, increasing their tradability, and enhancing the company's reputation. The listing of shares is also expected to be used as an effective method for business succession from founders.
For employees as well, a stock listing is expected to improve morale by enhancing the corporate image, and to increase their sense of achievement and satisfaction by motivating them with incentive plans such as stock options.
On the other hand, management and social responsibilities significantly increase, and for this reason, it is indispensable to establish and operate a governance system that includes compliance with the laws and regulations surrounding companies and the corporate governance codes established by stock exchanges.
Through our involvement in the initial public offering process of numerous listed companies and our close study and collection of information on the latest trends in listing practice, we cooperate with leading underwriters, audit firms, tax advisors, and other parties involved in the preparation for listing, and provide legal support for stock listings.
- Advice and assistance in implementing capital policies for listing, including new share issuance, group restructuring, company reorganization, and M&A
- Assistance in planning business succession plans for founding owner-managers in light of the listing
- Advice and support for implementation of employee stock ownership plan for the listing
- Advice and implementation support for compliance with the Companies Act, the Financial Instruments and Exchange Act, other applicable laws and regulations, corporate governance codes and other stock exchange regulations in order to establish a corporate governance system for listing
- Advice and assistance in implementing procedures, such as examining the existence of past violations of laws and regulations that could hinder a listing, advising on how to correct such violations, and preparing opinion letters and other documents.
- Advice and support for implementation of labor management system for listing
- Advice and support for implementation of timely disclosure framework for listing
- Advice and assistance in organizing transactions between subsidiaries and related parties for the listing
- Advice and assistance in preparing corporate rules and regulations required for listing, and legal advice and assistance in preparing documents to be submitted for listing examination