Japan Post held an IPO of $ 11.9 billion

The Japanese postal service conducted an IPO involving a record $ 11.9 billion. According to Bloomber, Japan Post Holdings IPO is one of the largest in several years. In recent years, only Alibaba, a Chinese holding company, has attracted more funds for IPO; it managed to place shares worth $ 25 billion in 2014. In Japan, this is the largest IPO in 25 years.

Japan Post Holding was able to place shares at the maximum range of securities value from 1.1 to 1.4 thousand yen. In addition, the placement of two financial subsidiaries - Japan Post Bank and Japan Insurance - was similarly carried out. Investors received approximately 11% of the shares of these companies.

Japan Post is owned by the Ministry of Finance of Japan, which plans to raise around $ 33 billion in shares for several rounds of sales. Part of the amount will be used to restore the regions affected by the 2011 disaster, when the Fukushima accident occurred as a result of a natural disaster.
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The government decided to privatize the postal service in three stages. Japan Post is the parent company for both the Japan Post Bank and Japan Post Insurance. In 2014, Japan Post made a profit of $ 4 million. The Japanese government planned to bring the postal service to an IPO as early as 2005, but due to the strong opposition of the postal workers' union, the public offering had to be postponed.