Japan’s Hottest Tech IPO in 5 Years Shows Retail Trading Fever. Have a confidential tip for our reporters? The Tokyo Stock Exchange has confirmed that Japan Post Holdings and its units Japan Post Bank Co. and Japan Post Insurance Co. are scheduled to be listed on 4 November. The privatisation of Japan’s huge postal service, bank and insurance companies are under way, offering a high dividend yield in the hope of tempting Mrs Watanabe. 87990cbe856818d5eddac44c7b1cdeb8, Copyright © 2021 Dow Jones & Company, Inc. All Rights Reserved, New Year’s Eve Around the World Will Look Different for 2021. The early interest indicates Japan Post will raise at least ¥1.19 trillion from the IPO, based on the low end of price ranges announced last week, according to Bloomberg calculations. It said demand exceeded the number of shares offered. Japan Post Insurance shares surged as much as 8.9 per cent in Tokyo on Thursday morning, the biggest gain since March. ECB’s Dividend Recommendation Flouted by Small Bank in Finla... U.S. Homebuyers Face Worst Affordability Squeeze in 12 Years. It will list on the Tokyo Stock Exchange on Nov. 4, along with Japan Post Bank Co. and If your browser does not support stylesheets, the use of structured semantic markup ensures that the content of each page is still readable and clearly structured. * Japan Post Holdings sets IPO price range 1,100-1,400 yen * Post bank range 1,250-1,450 yen, insurer 1,900-2,200 yen * 3 separate listings could be worth nearly $12 bln in total The early interest indicates Japan Post will raise at least ¥1.19 trillion from the IPO, based on the low end of price ranges announced last week, according to Bloomberg calculations. State-owned Japan Post Holdings and its two financial units, Japan Post Bank Co and Japan Post Insurance Co, have received approval for an initial public offering (IPO) from the … The move comes after a … View the JPHLF U.S. Securities and Exchange Commission reporting information. Japan Post plans to break up and sell parts of Toll Group, the Australian logistics business it bought in an ill-fated $5bn acquisition in 2015, according to people with direct knowledge of the talks. This will likely be the government’s last major privatization. Its reach across various industries and countries makes Japan Post Holdings a huge corporation, coming in at number 13 on Fortune's Global 500 list in 2013. After taking orders, state-owned Japan Post Holdings priced its IPO at ¥1400 ($16.05) a share. But the hotly anticipated insurance unit's debut was the … Japan has privatized several former state-owned monopolies in recent decades, including a railway, a telephone company and a cigarette maker. The Science Behind How the Coronavirus Affects the Brain, The Missing 100,000: The Quest to Establish the Real Covid-19 Death Toll, Eight iPhone Camera Tips for 2021 and Beyond, Macy's coupon - Sign up to get 25% off next order, Get a 20% American Eagle coupon with your new AEO Connected credit card, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Japan Post Holdings is a holding company that contains three other companies: Japan Post, Japan Post Bank and Japan Post Insurance. — With assistance by Yang Brandon Sim, and Zhen Hao Toh. Shares of Japan Post Holdings Co. priced at the top of their expected range Monday, one of the final puzzle pieces in what should be the biggest IPO of the year. We could start with the fact that after trading up roughly 25% from the offer price in an apparent fit of patriotic […] Investment analysts believe that about 80% of the shares from the IPO will be listed on the domestic Japanese market, of which about 90% are expected to be pitched to retail investors. Japan Post Bank and Japan Post Insurance will each offer 11% of their shares outstanding, raising about ¥598 billion and ¥145 billion, respectively. The requested article has expired, and is no longer available. Stay-at-home tech plays and cloud computing upstarts especially found 2020 to be the perfect time to tap the public markets. Backed by easy-money policies and growth in individual investing, new listing markets have been frothy this year despite the coronavirus market turmoil, as seen in the dramatic gains of Airbnb Inc. and DoorDash Inc. in U.S. debuts earlier this month. Japan Post Bank shares closed down 3.2 per cent at Y1,718, Japan Post Insurance contracted 4.1 per cent to Y3,730, and Japan Post Holdings lost 3.6 per cent to Y1,755. TOKYO. Shares in the parent company Japan Post Holdings have been priced at 1,400 yen, which is at the top end of the marketed range. In a bid to reassure prospective investors on its business strategy, Japan Post bought Australia’s leading logistics company, Toll Holdings, in May for about $6 billion. Japan Post's upcoming IPO already making waves. The stock has risen about 10 per cent this year. The listing took on extra importance after the government decided to use ¥4 trillion, or about $33 billion, from the November listings and future share sales to help pay for reconstruction of areas hit by the March 2011 earthquake and tsunami. Copy Copied. Take a Last Glimpse at a Nightmare Year for the World Econom... McConnell Rules Out Passing House Bill With $2,000 Payments, Perella Weinberg Inks Deal With Betsy Cohen’s SPAC. Japan IPOs this year notched biggest opening gains since 1999, Note: Average offer to first open move (% change) for year. Japanese stocks overall lagged in the pandemic recovery, with the Topix not erasing its year-to-date loss until November, months after U.S. and Asian peers. The date of the IPO is the 4th of November. 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. It said demand exceeded the number of shares offered. Raises a combined $ 11.9bn through the privatisation of Japan Post Holdings languishes at one-third... 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