Three state-affiliated companies in the Japan Post Group are set to go public on the Tokyo Stock Exchange on Nov. 4 in the nation¡¯s biggest initial offering ¡ª with the government seeking to raise ?1.4 trillion in the first phase of the sale.
The three giants are expected to have a combined market capitalization of over ?12 trillion when listed.
The listing of Japan Post Holdings Co., the holding company for the group, and of financial subsidiaries Japan Post Bank Co. and Japan Post, is significant in a number of ways, with much at stake.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.