GMO Payment Gateway, Inc. (TSE:3769) announced a private placement of 2,587,300 common shares at ¥3,092 per share for gross proceeds of ¥7,999,931,600 on June 9, 2015. Sumitomo Mitsui Banking Corp., Investment Arm and returning investor GMO Internet, Inc. each will subscribe for 1,250,800 shares and 1,336,500 shares. The company will issue shares through third party allotment.

The board of directors of the company approved the transaction. The legal fees, advisory fees, registration-related expenses, and securities registration statement creation expenses related to the transaction will be ¥37,000,000 and net proceeds will be ¥7,962,931,600. The settlement date and the application date is June 25, 2015.