4442：VALTES CO LTD　
IPO Summary

 Index

• AI-Analysis
• CompanyOverview
• Initial Public Offering Memo
• Financial Memo
• Major Shareholders Memo

 AI Analysis

■AI Analysis

■AI Analysis Chart

 CompanyOverview

• Company Name：VALTES CO LTD
• Business：ソフトウェアテストを中心としたソフトウェアの品質に関する総合的なサービスの提供.
• The industry sector is Information&Communication.
• Scheduled to be listed on MOTHERS.
• The company size is that assumed market capitalization is
  approx. 47 Million JPY (excluded public offering), approx. 53 Million JPY (included public offering).
• The lead manager is ＳＢＩ.

Initial Public Offering Memo

■ Market Cap | Offering rate | Dilution rate | lock-up information

• The company size is assumed market capitalization is
  approx. 47 Million JPY (excluded new issues), approx. 53 Million JPY (included new issues).
• The total amount of new issues is 5.6 Million JPY.
• The total amount of public offering is 2.4 Million JPY.
• The dilution ratio from the new issues is 12%.
• Rate of offering is aprrox. 5%.
• The number of outstanding shares is 7,150,000 shares (excluded new issues),
  7,993,000 shares (included new issues).
• The number of diluted shares for stock acquisition rights is 65,800 shares.
• Date of 90-day lockup release (initially scheduled) is August 27, 2019.
• Date of 180-day lockup release (initially scheduled) is November 25, 2019.

■ Book building schedule | Payment schedule

• Book building Period *1：May 14, 2019(Tue.) - May 20, 2019(Mon.)
  
• Priced date *2     ：May 21, 2019(Tue.)　
• Payment Period *3   ：May 23, 2019(Thu.) - May 28, 2019(Tue.)
  
• Listing Date      ：May 30, 2019(Thu.)

■ Detail of new issue or public offering

• Unit of application：100 shares (Minimum deposit amount is 66,000 JPY.)
• Assumed issue price：540 JPY
• Tentatively price range：600 JPY - 660 JPY
• Public offering price：660 JPY
• The initial price on listed：1820 JPY(＋175.8％)

• Newly Issued Shares：843,000 shares (Domestic：843,000 shares ＋ Overseas：0 shares)
• Public offering shares：360,400 shares (Domestic：360,400 shares ＋ Overseas：0 shares)
• Number of domestic unit：12,034 Unit

• The lead manager is ＳＢＩ証券.
• The another securities companies are 野村證券/藍澤證券/岩井コスモ証券/エイチ・エス証券/ＳＭＢＣ日興証券/エース証券/極東証券/東洋証券/ひろぎん証券/丸三証券/むさし証券/楽天証券.

■ New issue or public offering - condition history

※：( ) indicates the breakdown.
e.g. In the case of a PO(overseas), there are domestic and overseas allotments of the public offering, of which the overseas allotment is indicated.
PO : Public offering　OA : Over allotment