The Japanese arm of Burger behemoth McDonald’s Co has posted an unfixed price range of between ¥3,000 and ¥4,300 yen (US$24.12 and US$34.58) a share for its IPO. The company is set to start trading 26.2 million shares on the Jasdaq Market on 26 July this year.
Go deeper with GlobalData
The official range will be revealed on 16 July after the bookbuilding process has been completed. This is when the IPO’s underwriters accept orders from fund managers that detail how many shares they want and what price they are willing to pay.
If the price remains stable, McDonald’s Japan will have a market capitalisation of between ¥398.88bn and ¥571.73bn.
