(MENAFN- Investor Brand Network) Lead Real Estate Co. (NASDAQ: LRE) a
Japanese
real estate
developer of luxury residential properties, including single-family homes and condominiums,
across Tokyo and Kanagawa prefecture,
has closed on its initial public offering; the offering consisted of 1,143,000
American Depositary Shares
(“ADS”) at a price of $7 per
ADS
to the public, resulting in gross proceeds of approximately $8 million before the deduction of underwriting discounts and offering expenses.
According to the announcement, each ADS represents one ordinary share of the company. The company has also granted a 45-day option to the underwriters to purchase up to 171,450 additional ADSs. The
ADSs
began trading on the NASDAQ on Sept.
27, 2023. EF Hutton, division of Benchmark Investments, LLC,
and Boustead Securities, LLC acted
as the joint book-running managers for the offering.
To view the full press release, visit
About
Lead Real Estate Co. Ltd
Lead Real Estate Co. is
a
Japanese
developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture. In addition,
the
company
operates
hotels in Tokyo and leases
apartment building units to individual customers in Japan and Dallas, Texas. The company's mission is to serve
its
customers by offering stylish, safe and luxurious living; its vision is to
adopt the Kaizen (continuous improvement) approach
to
seek to
improve its operations and leverage
its
nationally recognized, award-winning luxury homes and strong market position in the luxury residential property market in Tokyo and Kanagawa prefecture to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the United States and Hong Kong. For more information about the company, please visit .
About InvestorWire
InvestorWire
(“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within
the
Dynamic Brand Portfolio
@
IBN
that delivers :
(1) access to a vast network of wire solutions via
InvestorWire
to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ;
(2) article and
editorial syndication to 5,000+ outlets ;
(3) enhanced
press release enhancement
to ensure maximum impact ;
(4)
social media distribution
via IBN to millions of social media followers ;
and (5) a full array of tailored
corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published:
InvestorWire
Los Angeles, CA
310.299.1717 Office
InvestorWire is powered by
IBN
MENAFN13102023000224011066ID1107238496
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.