Nomura Plunges Most Since 1974 on Record Share Sale

"Nomura will sell about 800 million shares, equivalent to almost 30 percent of the stock outstanding, in its largest-ever offering and the second this year. Chief Executive Officer Kenichi Watanabe must explain how his plans to expand outside Japan will compensate existing investors for diluting their holdings, Credit Suisse Group AG analyst Azuma Ohno said."