Japan Post Holdings climbed 5% before the debut in Tokyo next week

27.10.2015 / 07:43

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Japan Post Holdings Co. and its banking unit signal that the price will probably exceeds the announced initial public offering. Trading officially begins next week, which is the biggest IPO in the world for 2015

Japan Post Holdings Co., traded at 1,470 yen at 10:46 pm Tokyo time, according to Tom Lescott, dealer Churchill Capital Ltd. in Singapore. This was 5% higher price of 1400 yen set by the government on Monday. Japan Post Bank Co. It traded at 1540 yen, compared with its official price of 1450 yen. Churchill Capital Ltd is not traded shares of the insurance unit, with bids and offers 2.360 yen 2,500 yen said Lescott.

Orders from investors for shares of the three companies exceeds the number that are offered after the first two days of bookbuilding, said earlier this month, people with knowledge of the matter.

The trio will start trading on the Tokyo Stock Exchange on November 4

E.Dimitrov JrTrader

Varchev Traders

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Japan Post Holdings climbed 5% before the debut in Tokyo next week

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