PARK24 ¥24.6 billion common stock offering
Davis Polk advised the bookrunner and lead manager in connection with the offering of 16,000,000 shares of common stock of PARK24 Co., Ltd. The shares are listed on the Tokyo Stock Exchange and were offered outside Japan pursuant to Rule 144A and Regulation S. The aggregate proceeds of the offering were approximately ¥24.6 billion (approximately $196 million).
PARK24 is one of the leading parking facilities operators in Japan and overseas and are also a leading car sharing service provider in Japan.
The Davis Polk corporate team included partner Jon Gray, counsel Christopher Kodama, and associate Chihiro Sasaki. Counsel Alon Gurfinkel and associate Veronica Davis provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.