Japan Post share sale raises $11b, but demand weaker than for IPO

Japan Post share sale raises $11b, but demand weaker than for IPO

Japan Post Holdings' Chief Executive Officer Masatsugu Nagato speaks at a news conference in Tokyo, Japan January 30, 2017. REUTERS/Kim Kyung-Hoon

A government sale of Japan Post Holdings Co stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit subdued, demand.

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