Japan“s Yamato Glass Co., a maker of plastic and glass containers, has set a tentative price range of between 530 yen and 630 yen a share for its book-building exercise of 700,000 shares in its initi…
Japan“s Yamato Glass Co., a maker of plastic and glass containers, has set a tentative price range of between 530 yen and 630 yen a share for its book-building exercise of 700,000 shares in its initial public offering. At the price range, the newly offered shares will carry a price-to-earnings ratio of between 10 and 12 times the company“s projected earnings per share of 52.67 yen for the fiscal year ending 31 March 2000. Yamato Glass will hold the book-building from 25-29 October. The fixed offering price will be announced 1 November. The company is scheduled to start trading on the over-the-counter market 11 November.