Skadden represented Sanrio Company, Ltd., a Japanese company that designs, develops, and sells characters, gifts and entertainment, in its ¥135 billion (approximately US$864 million) secondary offering of common stock.
The offering of 29,752,500 shares of common stock (including the over-allotments) at ¥4,540 per share closed on December 17, 2024. Sanrio Company, Ltd. is listed on the Prime Market of the Tokyo Stock Exchange.
The Skadden team was led by Corporate Partner Kenji Taneda (Tokyo), with Counsel Ken Kiyota (Tokyo), Asia Pacific Counsel Yuko Ozaki (Tokyo), Associate Atsuko Onishi and Law Clerk Spencer Rauner (Tokyo).
