Mercari’s $1.19 Billion Initial Public Offering

Simpson Thacher recently represented Morgan Stanley & Co. International, Daiwa Capital Markets Europe, J.P. Morgan Securities, Merrill Lynch International, SMBC Capital Markets and Mizuho International, the international joint lead managers of a ¥130.6 billion (approximately US$1.19 billion) IPO of 43,554,800 shares of Mercari, Inc. (“Mercari”).

The global offering included an international offering to institutional investors outside Japan in reliance on Rule 144A and Regulation S. The offering was the largest equity offering in Japan to date this year.

Mercari is an e-commerce company that operates a consumer-to-consumer marketplace app that has been downloaded over 100 million times and lists over 100,000 new items daily.

The Simpson Thacher team included Takahiro Saito (Picture) and Brandon Whittaker (Capital Markets); Jonathan Cantor (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).

 

Involved fees earner: Takahiro Saito – Simpson Thacher & Bartlett; Brandon Whittaker – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Mizuho; Morgan Stanley; JP Morgan Securities; Smbc Nikko Capital Markets Limited; Daiwa Capital Markets Europe Limited; Merrill Lynch International;