Japan Display sets IPO price at bottom of guidance

[TOKYO] Japan Display Inc, the world's biggest maker of screens for tablets and smartphones, set the price of its stock listing at the bottom of its guidance range after foreign investors gave the offering a cool reception.

Japan Display is tapping one of Asia's best-performing stock markets this past year to raise money for capital investment while a government-backed fund cashes out part of its investment. The company priced the offering at 900 yen per share,…