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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (5137)	5/25/2000 7:19:00 AM
From: Edwin S. Fujinaka	Read Replies (3) \| Respond to of 6018

The mood of resignation to depressed prices for Softbank may be a good sign and perhaps we are finally near a bottom. Yesterday's close in the US was at $150 (unchanged). Lat night we closed in Tokyo up 2000 yen to 16,100 yen or $149. and we are currently trading at 177 euros (up 24) which is $159. So it looks like the worldwide pricing is coming to a consensus perhaps. I promised myself that I was going to stop watching the price around the World <G>. Oh yes, comment on Morningstar IPO scheduled for late June on Nasdaq Japan: Thursday, May 25, 2000 Morningstar Japan Expects To Net Y2.76 Billion From IPO TOKYO (Dow Jones)--Morningstar Japan K.K., a local mutual fund ratings and information company, said Thursday that it expects to net Y2.76 billion from its initial public offering. Shares in the joint venture company between Softbank Corp. (9984) and Morningstar Inc. of the U.S. will list on the Nasdaq Japan stock market on June 23. Morningstar Japan is offering 1,000 shares to the public for the IPO, of which 400 are newly issued shares and 600 are currently held in private. Payment for the shares is due June 22. Of the IPO proceeds, Morningstar Japan plans to use Y1 billion to boost its Internet-related capital expenditure and the remainder as working capital. The company also said it will conduct a book-building for the IPO shares from June 7 to June 13. The fixed offering price will be announced June 14, based on the results of the book-building. The tentative price range for its book-building will be released at a later date.