Handbook of Corporate Finance Empirical Corporate Finance Volume 1

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Ch. 6: Security Offerings 301


Ta b l e 1 1

Equity security issues by firms listed on the Tokyo Stock Exchange, 1956–2003

a

Rights offerings

Public offerings

Preferred stocks

Private placements

Exercise of warrants

Total

Year

No. ofissues

Amountraised(

bils.)

No. ofissues

Amountraised(

bils.)

No. ofissues

Amountraised(

bils.)

No. ofissues

Amountraised(

bils.)

No. ofissues

Amountraised(

bils.)

No. ofissues

Amountraised(

bils.)

1956

294

157

36

4







11

2







341

164

1957

292

199

40

5







10

1







342

205

1958

147

160

30

5







3

0







180

165

1959

158

153

60

10







3

0







211

183

1960

275

331

100

35







4

1







379

387

1961

465

632

224

80

1

0.
4

6

1







695

712

1962

554

587

171

20







9

3







734

609

1963

508

410

157

38







8

7







673

453

1964

434

623

85

4







14

3







533

631

1965

95

115

19

1







8

3







122

117

1966

173

202

34

1







24

8







231

212

1967

190

194

68

5







13

4







261

202

1968

201

303

80

10







12

2







293

315

1969

300

447

145

55







14

5







469

506

1970

316

538

203

138







18

5







537

681

1971

220

409

147

84







24

44







391

637

1972

180

284

275

665







43

92







498

1 ,

041

1973

177

344

256

565







45

30







478

939

1974

214

244

193

277







31

23







438

544

1975

166

771

103

222







16

8







285

1 ,

001

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