SBI Shinsei Bank Ltd. is aiming to sell about ¥368 billion ($2.4 billion) worth of shares in an initial public offering next month, in what is set to be one of Japan’s largest listings this year.
The lender set the indicative price for its IPO at ¥1,440 per share in a filing to Japan’s Ministry of Finance on Thursday. The firm plans to offer around 255 million shares and the sale will value the company at around ¥1.3 trillion.
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The initial share sale comes as Japan’s IPO market ...