Japan's biggest IPO for 28 years could be a big insight into the minds of Japanese investors
Earlier today the prices were announced for the three IPOs under the Japan Post umbrella. Japan Post Holdings is set to issue in the ¥1100-1400 per share range while Japan Post Bank and Japan Post Insurance at ¥1250-1450 & ¥1900-2200 respectively
The government owns the whole lot and is offering 95% to the public 4th Nov and it's worth around $12bn. The final prices will be fixed 19th Oct for the bank and insurance co's and 26th for the holdings comp
The take up is likely to be watched very carefully by markets and Abe for signs that Japan's cash hoarders will open their wallets up further. A strong take up will please Abe that sentiment is there to invest. If the showing is poor then that will make clearer Abe's uphill battle to turn around Japan's fortunes. The money raised from the IPO will be used to help reconstruction efforts in areas hit by the 2011 quake and Tsumani
The Japan Times has more about the IPO
Abe hopes to cash in on high public demand
