We advised the international joint lead managers in connection with the IPO and TSE listing

Davis Polk advised the international joint lead managers in connection with the initial public offering of 20,650,300 shares of common stock of Simplex Holdings, Inc. The shares were sold by multiple selling shareholders including Karita • Simplex Investment Limited Partnership. The underwriters have an over-allotment option with respect to 1,440,700 shares. The global offering consisted of an offering in Japan and an international offering outside Japan pursuant to Rule 144A and Regulation S. The shares were listed on the Tokyo Stock Exchange. Assuming full exercise of the over-allotment option, the aggregate proceeds of the global offering will be approximately ¥35.7 billion (approximately $327 million).

Simplex is a leading IT systems developer and provider of business and consulting services in Japan, with a historical focus on banking, online securities and foreign exchange sectors. In recent years, Simplex has expanded beyond its traditional client base to provide services for insurance, cryptoassets and strategic and digital transformation consulting businesses. 

The Davis Polk corporate team included partner Jon Gray, counsel Christopher Kodama and associate Chihiro Sasaki. Counsel Alon Gurfinkel and associate Dylan J. Steiner provided tax advice. Members of the Davis Polk team are based in the Tokyo, New York and London offices.

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