New Issues Rush In Equity Market

Orix Corp announced that it will raise up to $ 1 billion through a new share issue in order to strengthen its financial health and prepare for future expansion. Daiwa Securities Group Inc. also announced that it will raise up to $2.4 billion through a public offering plan for the first time in nearly 20 years. Mizuho Financial Group Inc., the second largest bank by assets, said that it plans to raise about $6 billion in new capital through a share issuance.

Those sizable new issues in July may put a lid on the market.