Nomura To Raise Capital For Global Expansion

Nomura Holding Inc. announced that it would raise capital through a public issuance of new shares last month. As the offering was equivalent to about 29% of the outstanding float of stock, investors once sold the shares on dilution concerns, but later repurchased them after learning of very high demand from overseas investors. The largest securities house said Monday that it will issue stock at 568 yen per share and receive fresh capital of as much as 432.8 billion yen. Nomura aims to use proceeds for investments in growth fields in the US and other markets.