Date Set For ¥4 Trillion Japan Post IPO

In what is expected to be the biggest initial public offering in Japan since Nippon Telegraph & Telephone Corp. in 1987, the long trailed listing of Japan Post Holdings and its banking and insurance units will go public on the Tokyo Stock Exchange on November the 4th.

The three companies Japan Post Holdings plus Japan Post Bank and Japan Post Insurance Co filed for Tokyo Stock Exchange approval of their listing in late June The listing of the holding company. The biggest stock market in Japan is seen approving the trio’s IPO in September.

The coming IPO will mark the first occasion in Japan in which a parent company and two subsidiaries go public together. The initial public offering was originally slated for October, however the schedule was rearranged for November as listing-related procedures for the triple listing have proved to be complex.

The Japanese government is expected to generate in the region of ¥4 trillion from the sale and will retain more than one-third of the shares in the holding company.

 

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