Monex Group, Inc., a major online securities company, has decided to strengthen its online securities business in the United States.
The company plans to raise approximately 36 billion yen by adopting a new method of listing a local subsidiary by merging it with a special company called SPAC.
According to the announcement, Monex Group aims to list its subsidiary "TradeStation", which operates an online securities business in the United States, on the New York Stock Exchange.
We will introduce a new method of listing a subsidiary by merging it with a special company called SPAC for the purpose of acquisition.
Since it has the advantage of being listed earlier than usual, it is said that it will raise a total of about 36 billion yen from the merged company and investors in total of about 300 million dollars.
In the United States, the number of people investing in stocks is increasing against the background of the continuing rise in stock prices, so we will promote new personnel and service improvements based on the funds raised. The company aims to further grow the Group by acquiring customers.
Monex Group President Oki Matsumoto said, "Isn't this the first time that a Japanese company's subsidiary has been listed using SPAC? In the United States, the investment population is expanding again, and I would like to step on the accelerator to accelerate growth." Said.