Tokyo, Dec. 2 (Jiji Press)–SBI Shinsei Bank said Monday that it plans to sell shares for 1,440-1,450 yen apiece when it goes public on the Tokyo Stock Exchange later this month. This means that the bank will have a market value of up to some 1,298.5 billion yen, making the sale one of the biggest initial public offerings in Japan this year. The IPO price will be finalized on Monday. The bank is scheduled to get listed on the TSE’s top-tier Prime section on Dec. 17. U.S. private equity fund KKR will acquire SBI Shinsei Bank shares worth 3 billion yen as part of a tie-up agreement aimed at boosting collaboration between the two companies over investment. Norinchukin Bank and Qatar Investment Authority also plan to invest in SBI Shinsei Bank. END [Copyright The Jiji Press, Ltd.]
SBI Shinsei Bank to Sell Shares for 1,440-1,450 Yen
Related Posts
EXCLUSIVE: Japan Eyes Cap on Deductions for “Furusato Nozei” Donations
Tokyo, Dec. 2 (Jiji Press)–The Japanese government and the ruling camp are considering capping the amount of tax deductions allowed under the “furusato nozei” hometown donation system, informed sources told Jiji Press on Tuesday. Under the current system, the amount of donations
Key 10-Year JGB Yield Hits Another 17-Year High
Tokyo, Dec. 2 (Jiji Press)–The key yield on 10-year Japanese government bonds hit a 17-year high for the second straight day on Tuesday, amid growing speculation about a possible interest rate hike by the Bank of Japan later this month. Bond selling
