Shinsei Bank said Monday it will make an initial public offering at 525 yen per share when it lists on the Tokyo Stock Exchange on Feb. 19.
The IPO price is the upper limit of an earlier set tentative IPO price range of between 450 yen and 525 yen, and the market value of outstanding Shinsei Bank shares will be about 710 billion yen, about six times the initial investment by a consortium led by Ripplewood Holdings LLC.
Shinsei Bank will offer 476.3 million shares when it lists, about 35 percent of the 1,358 million outstanding common shares held by the consortium. Subscriptions will be accepted between Tuesday and Friday.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.