SBI Shinsei Bank Ltd. surged as much as 11% in its trading debut in Tokyo on Wednesday after raising ¥322 billion yen ($2.1 billion) in Japan’s second-biggest initial public offering of the year.
It traded as high as ¥1,614, after the sale saw the shares pricedBloomberg Terminal at ¥1,450 per share, the upper end of the bookbuildingBloomberg Terminal range. The IPO gave the lender a market value of ¥1.3 trillion.
AloJapan.com