Shares: Japan Post

shares: The huge sale comes as after an initial public offering in 2015 that began a long-delayed privatization of the state-owned behemoth, according to The Japan Times. Two years ago the government raised about 1.43 trillion in the IPO, which included shares in Japan Post's banking and insurance units. An expected 914 million Japan Post shares will be sold at 1,322 apiece, the government said in a regulatory filing, with the offering set to raise as much as 1.3 trillion 11.6 billion if domestic and foreign investors snap up an extra allotment of stock. ; Shares of Japan Post which has about 24,000 branches nationwide closed at 1,349 on Monday, down 1.03 percent. It was the country's biggest privatization since Nippon Telephone & Telegraph's 1987 listing. There are hopes that starting to privatize what is effectively the world's biggest bank by deposits could improve investor sentiment and spur efforts to free up the nation's highly regulated economy. The bulk of the proceeds from the Japan Post sale were earmarked for reconstruction after the 2011 quake-tsunami disaster. (news.financializer.com). As reported in the news.