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Japan Post, units get TSE's nod to go public in November

1.4t-yen sale will be biggest in Japan since NTT IPO in 1998

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IMPORTANT STEP: Japan Post Holdings would have a market capitalisation of 6.1 trillion yen when it is listed. The bank would have a value of 6.3 trillion yen and the insurer would be worth 1.3 trillion yen.

Tokyo

THE stage is set for Japan's biggest initial public offering (IPO) this century after Japan Post Holdings Co obtained approval from the Tokyo Stock Exchange to go public in November along with its banking and insurance units.

The government is seeking to raise about 1.4