[November 17, 2009] Nomura to run Hitachi stock offering, leaves behind UBS, Goldman Sachs, JPMorgan in Asia-Pacific share sales Tweet (EquityBites Via Acquire Media NewsEdge) 17 November 2009 - Japanese electronics maker Hitachi (TYO:6501; NYSE:HIT) has picked Nomura Holdings (TYO:8604) to arrange its stock offering, Bloomberg reported today. The mandate extended the lead of the Japanese financial advisory firm in handling Asia-Pacific share sales after it was commissioned by Japan's top bank Mitsubishi UFJ Financial Group Inc (TYO:8306) earlier this month. With both offerings valued at a combined USD14.5bn (EUR9.7bn), Nomura may pocket USD300m in fees, according to data compiled by Bloomberg. The Japanese broker outpaced Swiss bank UBS (SWF:UBSN) and US financial groups Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM) in Asia-Pacific stock sales, but lagged behind in Hong Kong even after taking over the Asian business of Lehman Brothers, the first victim of the crisis, in 2008. Mitsubishi UFJ has mandated Nomura, JPMorgan, Morgan Stanley (NYSE:MS) and its own securities unit to help it sell JPY1trn (USD11bn/EUR 7bn) of shares, while Hitachi tapped Nomura and Goldman Sachs for its USD3.5bn stock sale. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]