The value of Nintendo shared has dropped over the weekend on news that the Japanese Government is selling its stake in the company.
The Banks’ Shareholdings Purchase Corp. is a government organization set up in 2002 to safeguard stocks from precipitous offloading by major banks. Nintendo has sought the release of the shares in order to add more liquidity to the market and to increase the number of individual shareholders. Shares in the company have risen by 43% in the last 6 months compared with an average of 14%. Prices at the weekend dropped by 2.7%. The value of the released shares is around $554 million.
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