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Public offering without listing : ウィキペディア英語版 | Public offering without listing A public offering without listing, often called a POWL deal or a POWL, is a form of public equity offering by non-Japanese firms in the Japanese market, without the previously required simultaneous listing on a local exchange (e.g. TSE). == History ==
Prior to 1989, non-Japanese firms that wanted to sell equity into the Japanese market via public offering were required to list on a local Japanese stock exchange.〔(【引用サイトリンク】title=Public Offering Without Listing - "POWL" in Japan )〕 Changes in regulations introduced in 1989 allowed this form of public offering by foreign companies published, audited financial statements and with stock that is (or will be) listed on a foreign stock exchange which satisfies the requirements of the FSA.
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Public offering without listing」の詳細全文を読む
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