Short Rule Makes ANA Offer A Hard Sell Overseas

Short Rule Makes ANA Offer A Hard Sell Overseas

  Japan’s regulatory crackdown on insider trading depressed hedge fund interest in All Nippon Airways’ USD$2.2 billion share offering, highlighting a new challenge for Japanese firms looking to raise funds overseas. There were two surprises in the terms announced by the airline this week: an unusually high discount of 4.2 percent and an allocation split […]



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