Pachinko hall operator IPO

Dynam Japan seeks to raise $231 million from Hong Kong IPO

The pachinko parlour operator, which launches its retail offering today, is set to become the second Japanese issuer to list in Hong Kong.
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One of Dynam's 355 pachinko halls
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<div style="text-align: left;"> One of Dynam's 355 pachinko halls </div>

Focusing partly on a potential cooperation with gaming operators in Asia and expansion opportunities, Dynam Japan, a pachinko hall operator in Japan, is seeking to raise between HK$1.57 billion and HK$1.79 billion $202 million to $231 million from an initial public offering in Hong Kong.

If successful, Dynam will be only the second Japanese issuer to list in Hong Kong, after SBI Holdings, which raised $206 million from a sale of Hong Kong depositary receipts in April last year, according to Dealogic.

However, the deal comes at a tough time for IPOs in Hong Kong. Inner Mongolia Yitai Coal and China Yongda Automobile...

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