03:09 PM EDT, 09/19/2024 (MT Newswires) -- Rigaku Corporation, backed by Carlyle Group ( CG ) , is planning an initial public offering in Japan, targeting a market value of 300 billion yen ($2.10 billion), Reuters reported Thursday, citing two sources familiar with the matter.

The IPO is planned for October, with Nomura, Morgan Stanley, and Bank of America as joint coordinators, the report said. Rigaku is a manufacturer of X-ray analysis, measurement and testing instruments.

Carlyle, Rigaku, Morgan Stanley and Bank of America did not immediately respond to MT Newswires' requests for comment, while Nomura could not be reached for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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