Following his re-election as President of the Liberal Democrat Party last week, Japanese Prime Minister Shinzo Abe has unleashed his country’s largest initial public offering in almost two decades with the launch of three-way stake sales in Japan Post Holdings and its two subsidiaries, Japan Post Bank and Japan Post Insurance.
Together the three companies could raise a combined 1.4 trillion $11.6 billion in what is also shaping up to be the world’s largest IPO of the year.
The flotation, which has been a decade in the making, is a multi-headed hydra that will provide a key marker of domestic and international sentiment towards Japan as it...
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