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Japan Post IPO more than 5 times oversubscribed: sources

Monday, November 2, 2015 - 17:41
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Japan Post Co. vans sit parked while an employee drives a motorcycle into the company's branch in Tokyo, Japan, on Friday, Dec 26, 2014.

[TOKYO] The initial public offering (IPO) of Japan Post Holdings and Japan Post Bank was more than five times oversubscribed, sources with knowledge of the matter said on Monday.

Together with Japan Post Insurance, which sources said was about 15 times oversubscribed, they will be listed on Wednesday in Japan's largest IPO in almost three decades.

REUTERS