Public offering without listing

Public offering without listing

A public offering without listing, often called a POWL deal or a POWL, is a form of public equity offering in the Japanese market, without the previously required simultaneous listing on a local exchange (e.g. TSE).

ee also

Alternative Public Offering

PIPE deal

External links

* [http://www.linklaters.com/pdfs/publications/japan/POWL100406.pdf POWL Overview] Overview of POWL structure from Linklaters in Japan.



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