Japan Post IPO

TOKYO: Japan Post has raised $11.6 billion in a long-anticipated initial public offering, fresh data showed on Monday, with the shares set to start trading next week after the world’s biggest stock sale this year.

The firm’s holding company said it had priced its shares at 1,400 yen ($11.50) apiece, according to a Tokyo Stock Exchange filing, after its banking and insurance units raised billions of dollars as part of the sale.

The triple listing raised a combined 1.43 trillion yen ($11.6 billion), putting it on track to be the biggest stock sale globally this year and the largest since Chinese online giant Alibaba’s record $25 billion IPO in 2014.