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Japan Post goes public, $11.9 billion goes to Japan

Staff writer |
Japan Post had its IPO debut along with its two financial units on Tokyo Stock Exchange. Collectively, the companies managed to raise $11.9 billion in the world’s biggest IPO this year.

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Shares of Japan Post Co. and two other public companies surged after investor frenzy.

Shares of Japan Post Holdings Co. jumped 26 percent during the first day of its maiden trading to 1,760 yen at the close of trading on Wednesday in Tokyo. Its financial unit, the Japan Post Bank Co., saw its shares climb 15 percent to 1,671 yen.

However, trumping both the companies, shares of Japan Post Insurance rocketed 55.9 percent to 3,430 yen.

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