Starbucks Coffee Japan Ltd IPO
Starbucks is fast becoming a ubiquitous presence on the streets of Tokyo. This year it also made its presence felt in the Japanese equity market when it successfully completed a blow out IPO in perhaps the worst market conditions for launching a deal in recent memory.
The IPO was launched on September 10, one day before the terrorist attacks in the US. Yet the company and its lead underwriter Goldman Sachs decided to carry on in the face of adversity. To put how bad the market was in perspective, there were no IPOs in the month of September in the US - the first...