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GMO Internet holds firm despite announcement of public offering and secondary share sale◇

Mon Apr 13, 2026 9:24 am JST Catalyst

Shares of GMO Internet, Inc. <4784> held firm. The company announced after the bell on the 10th that it plans to conduct a public offering alongside a secondary share sale by its parent, GMO Internet Group, Inc. <9449>. Following an initial sell-off driven by concerns over a near-term supply glut, the stock rebounded on hopes for improved share liquidity. GMO Internet will issue 3,000 new shares, while GMO Internet Group will offload 61.5 million existing shares. An overallotment of up to 13.725 million shares is also planned, subject to demand. Pricing will be determined between the 20th and 23rd. GMO Internet expects to raise approximately \19,678.4 million in net proceeds, which will be earmarked for new GPU server investments and debt repayment. The move is also aimed at meeting listing requirements for its free-float ratio and diversifying its shareholder base.

(Note) The "◇" symbol at the end of the title indicates that the article contains multiple stock issues.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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