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Japan Post sets IPO prices at top of their ranges

Top end of book-building range indicates strong demand from retail investors

Japan Post Holdings Co's bank and insurance arms and their parent company are seeking to raise a combined 1.4 trillion yen in a triple IPO set for Nov 4.


STATE-owned Japan Post on Monday set prices for separate initial public offerings (IPOs) of its bank and insurance arms at the top of their ranges, indicating strong demand from retail investors in what will be Japan's biggest privatisation in three decades.

The two companies