Double Standard (TYO:3925) will distribute 600,000 shares off-floor at 1,737 yen each on Aug. 21, according to a Wednesday filing on the Tokyo Stock Exchange.
The move, priced at a 3% discount to the previous close of 1,791 yen, aims to boost the number of tradable shares and meet the Prime Market's listing requirement for tradable share market capitalization.
Each customer may purchase up to 5,000 shares.
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