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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Exscientia Sets IPO at 13.1 Million ADSs; Sees Pricing at $20-$22 Each

09/27/2021 | 08:35am EDT

By Colin Kellaher

Exscientia PLC on Monday said it plans to sell nearly 13.1 million American depositary shares at between $20 and $22 apiece in its initial public offering.

At the $21 midpoint of that range, the Oxford, U.K., clinical-stage pharmatech company said it expects net proceeds of about $249.2 million, or roughly $287.6 million if the underwriters exercise an option to buy an additional 1.96 million ADSs.

Exscientia said it also expects to net about $151.3 million from concurrent private placements of $125 million with an affiliate of SoftBank Group Corp. and $35 million with the Bill & Melinda Gates Foundation.

Exscientia, which is using artificial intelligence to design patient-based drugs, said it believes the proceeds from the IPO and private placements, coupled with its existing resources, will be sufficient to fund its operations and capital-spending needs for at least a year.

Each Exscientia represents one ordinary share. In a filing with the U.S. Securities and Exchange Commission, Exscientia said it would have about 119.9 million shares outstanding after the IPO and private placements, assuming exercise of the overallotment option, for a market capitalization topping $2.5 billion at the $21-a-share pricing midpoint.

Exscientia said it has applied to list its ADSs on the Nasdaq Global Select Market under the symbol EXAI.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

09-27-21 1035ET

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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 52 955 M 52 955 M
Net income 2022 1 310 B 11 484 M 11 484 M
Net Debt 2022 15 330 B 134 B 134 B
P/E ratio 2022 8,63x
Yield 2022 0,67%
Capitalization 11 262 B 99 011 M 98 734 M
EV / Sales 2022 4,40x
EV / Sales 2023 4,11x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 15
Last Close Price 6 574,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 57,1%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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