Sony gearing up for US$ 3 billion IPO |
Ó
Here's a bit of financial news. According to Bloomberg, Sony is gearing up for what could be Japan's biggest initial public offering (IPO) of the year.Sony will reportedly be selling 725,000 shares or about 34.5 percent of Sony Financial Holdings, the company's Tokyo-based insurance unit. The unit will also offer 75,000 new shares.
The sale is expected to net Sony about 332 billion yen (US$ 2.9 billion). Pricing will be set on October 1, while trading will begin on the Tokyo Stock Exchange on October 11.
Analysts believe that Sony will use the funds it acquires to beef up the production of its Bravia TVs as well as offset the losses incurred by the PlayStation 3. Analysts have also mentioned that the IPO could lead to good news for gamers, namely another possible PS3 price cut.
Via Bloomberg
44 Jumps PlayStation celebrates 15th birthday
34 Jumps PSP homebrew - MHUSPEED v3
21 Jumps PSP homebrew - MacroFire v3.0.12
17 Jumps PSP homebrew - PSPInstaller v2
Contact Us:
The QJ.net Network |
 |
| Site | Feed |
| QJ.NET | RSS |
| Nintendo DS | RSS |
| PlayStation 3 | RSS |
| PSP Updates | RSS |
| Wii | RSS |
| Xbox 360 | RSS |
| MMORPG | RSS |
| Personal Computer Games | RSS |
| iPhone - iPod Touch | RSS |
| QJ.NET Forums | RSS |
Add QJ.NET
User Favorites - December
User Favorites - December
Categories
Archives
Accessories
Add-ons
Applications
Artwork
Batteries
Cheats
Deals
Emulators
Events
Featured Articles
Firmware
Flash Applications
Flash games
Game Demos
Games
Hacks & Exploits
Homebrew Applications
Homebrew Demos
Homebrew Development
Homebrew Emulators
Homebrew Games
Homebrew Themes
How-To
Humor
Imports
Interviews
Magazines
Mods
MY QJ
News
Off Topic
On Shelves This Week
Opinions & Analysis
Podcasts
Previews
PSP Go
PSP Minis
PSP Slim & Lite
QJ How-To Series
QuickJump QuickGuide
QuickJump QuickPeek
Reviews
Rumors
Scans
Screenshots
Site News
Titles
UMD Movies
Videos
Weekend Warrior
Wi-Fi
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
Comments [refresh]
Id rather bet on the lottery
Just what all of us PSP fans wanted to know, up to date info on the financial happenings of a Japanese insurance company!
Wow QJ sure is dumb (or just way too much of a sony fanboy). This clearly states the financial weakness of sony which is making them sell over a third of their shares in order to mantain their investments alive. Seriously this will be like betting on the lottery for investors, it's most probably that Sony would have losses bigger than their pretty low expected revenue and the investors will lose some money. But, if by miracle Sony pulls up and end up making bi revenues then the investors have won the lottery. But, seriously, this shows sony's weakness and they might as well be selling their whole company to another company which is willing to take the risk and innovate Sony, way better than selling over a third of their stocks...
You need to pay me 50 cents to pass, what? not another troll.
I will be buying as much of this IPO as I can get my hands on.
they arent selling stock in the whole Sony company, JUST "Sony Financial Holdings, the company's Tokyo-based insurance unit." If things go badly they can escape a total collapse because of the limited liability they have. This is a smart move by Sony, and I'll be on the lookout to pick up some of this IPO.
You sir are the next biggest MS xbot fanboy, who knows you might follow in MCS footsteps. This is great news for Sony it might make the PS3 $399 if it comes to pass you moron. Read the Whole article next time to educate your self.
hold on there pal!!!!
ive just heard........
mcs has bought a ps3!!!!
im not sure if im wasted here but i think i just read it on the http://ps3.qj.net/-UPDATE-4-PS3s-strap-up-Firmware-1-92-rolls-out-with-complete-changelog/pg/49/aid/101596
i think hes 1 of us now!!!! (shiver) lol!!!
besides
theres always axoamamoxas or what ever that tw4ts name is!!!!