Sullivan & Cromwell and Mori Hamada & Matsumoto are advising smartphone and tablet screen maker Japan Display Inc. on an upcoming $3.8 billion initial public offering on the Tokyo Stock Exchange.

The company, which counts Apple Inc. among its customers, was created when the display divisions of Sony Corp., Toshiba Corp. and Hitachi Ltd. merged in 2011. State-backed Innovation Network Corp. of Japan, which was launched five years ago to support Japanese technology companies, invested $2 billion in Japan Display and currently holds an 87 percent share in the venture.

Japan Display plans to sell 140 million new shares at a range of between $8.84 and $10.80 apiece. Investors will also sell another 213.9 million existing shares within the same price range. The money raised will be used for capital investment. A final price for the IPO will be announced on March 10, with the offering to take place on March 19.

Tokyo partner Izumi Akai is leading the Sullivan & Cromwell team acting for Japan Display. Mori Hamada partners Toru Ishiguro and Katsumasa Suzuki are advising the issuer on Japanese law.

Simpson Thacher & Bartlett is representing underwriters Nomura Holdings Inc., Morgan Stanley and Goldman Sachs Group Inc., with Anderson Mori & Tomotsune partner Hironori Shibata acting as Japanese counsel.*


*Updated, 3/6/14: This story has been updated to include the role of Hironori Shibata as the Anderson Mori & Tomotsune partner advising the underwriters on this transaction.