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Controversy taints Japan Post IPO

The funds raised could go towards whittling down Tokyo's debt, but some analysts say it is like selling off the family silver. And postal privatisations haven't gone well elsewhere

An advertising poster at the Japan Post head office in Tokyo. Japan Post Bank Co set the price for its IPO at 1,450 yen a share, after gauging investor demand to be between 1,250 and 1,450 yen, a regulatory filing showed on Monday.

JAPAN Post is scheduled to make its public debut on Nov 4 via a mammoth US$12 billion initial public offering (IPO) of shares in the holding company, plus partial stakes in the state-owned conglomerate's banking and insurance arms.

The IPO, which some say could be the harbinger of further...

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