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1.4t yen Japan Post IPOs to unlock funds stashed away by households

Govt also aims to spark a portfolio shift among individuals from deposits into equities

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The government priced stakes in the two subsidiaries of Japan Post at the top end of marketed ranges, signalling heavy demand from individuals, who are earmarked to buy most of the shares.

Tokyo

APPETITE for the world's biggest equity listing this year shows the interest of a group that could swallow it more than 600 times over: Japan's stock-averse households.

While the initial public offerings of Japan Post Holdings Co and its banking and insurance units may raise

sentifi.com

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