You are here

Japan Post shares soar 16.5% above IPO price in trading debut


[TOKYO] Japan Post shares soared more than 16 per cent above their initial public offering price in a long-awaited Tokyo trading debut on Wednesday, after an US$11.5 billion share sale - the biggest so far this year.

The vast firm's holding company jumped to 1,631 yen (S$18.80), well up from a 1,400 yen IPO price, while its banking unit's stock jumped to 1,680 yen, against their 1,450 yen initial sale price.