Sotec, the Japanese manufacturer ordered to cease selling iMac-like computers, will debut on the Nasdaq Japan stock market on September 8.
The move could be badly timed, as action on the Nasdaq Japan market has been sagging. Sotec will issue 10,000 new shares and 11,000 existing shares in advance of the move. Nomura Securities will act as a lead manager for its IPO. The stock price will be set on August 28.
A total of 92 per cent of Sotec’s sales come from personal computers. Despite the legal assault from Apple, the company has seen its earnings-per-share estimates increase from 13,507 Yen last year to 46,705 Yen today.