Japan Post IPO raises 1.4t Yen, oversubscribed 5 times

Japan Post IPO raises 1.4t Yen, oversubscribed 5 times

A pedestrian taking shelter from rain walks past an electronic board showing the stock market indices of various countries September 4, 2015. REUTERS/Yuya Shino

Japan‘s postal and financial firms attracted solid bids of more than five times their planned initial share offerings, Japan‘s largest IPO in three decades, two sources with knowledge of the deal said on Monday.

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