NEW YORK—NTT DoCoMo Inc., Japan’s largest mobile communications operator, began trading its American depositary shares on the New York Stock Exchange and its common shares on the London Stock Exchange March 1.
“Combined with our listing earlier today on the London Stock Exchange and our presence on the Tokyo stock exchange, NTT DoCoMo is now traded on three of the world’s most vibrant and important stock exchanges. This corporate milestone will enable NTT DoCoMo to increase our shareholder base and enhance our global liquidity by reaching new institutional and retail investors,” said Dr. Keiji Tachikawa, DoCoMo’s president and chief executive officer, at a press conference at the NYSE in New York. “Access to greater liquidity will help us accelerate efforts to expand our business and broaden the use of our industry setting wireless technologies in critical and international markets like the United States.”
“Within an hour of its trading launch on the Big Board some 85,000 American depositary shares of the company already had traded,” said Dick Grasso, chairman of the NYSE. “They continued to be on the positive side showing we have launched successfully a DoCoMo experience in the United States.”
With $100 billion in market capitalization, DoCoMo has become the largest Japanese company listed on the NYSE and among the 25 largest companies listed on the exchange, said Grasso.
“This is a long-awaited opportunity for 85 million investors in the United States to invest in one of the true pioneers and great technology companies of the 21st century.”
