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Japan Post's financial units set IPO prices at top range

Staff writer |
Japan Post Bank set the price for its initial public offering at 1,450 yen per share after gauging investor demand at an indicative range of 1,250-1,450 yen, a regulatory filing showed.

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Separately, Japan Post Insurance set its IPO price at 2,200 yen compared with its book-building range of 1,900-2,200 yen.

he two companies - which each will offer 11 percent of their stock- and their parent, Japan Post Holdings, are seeking to raise a combined 1.4 trillion yen ($11.8 billion) in a triple IPO on Nov. 4 in what will be Japan's biggest privatization in three decades.

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