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Article: Sony Financial hires advisers for IPONomura and JPMorgan Chase could help sell up to 40% of its stockBUSINESS ASIA by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- August 16, 2007
- Author:
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Takahiko Hyuga and Junko Fujita
International Herald Tribune
08-16-2007
Sony's financial services unit hired Nomura Holdings and JPMorgan Chase to arrange its initial public offering, said people with direct knowledge of the transaction. Sony Financial Holdings, which comprises life and casualty insurers and an online bank, hired the advisers as it prepares to sell shares this fiscal year, said three people who declined to be identified before a public announcement. The Tokyo-based unit may sell as much as 40 percent of itself, valued at 384 billion, or $3.3 billion, one source said.The Sony unit may have a market value of about 960 billion, analysts say, which would make it the biggest ...