Dai-ichi Mutual Life Insurance Co., one of Japan's leading life insurers, is planning to go public in early fiscal 2010, the company said Thursday.
If it becomes a stock company and is listed, the company's market value could reach as high as ¥3 trillion. It plans to sell more than ¥1 trillion worth of shares in the initial public offering.
Dai-ichi is now a mutual insurer, thus policyholders have ownership rights, including the ability to elect management. It currently has about 8.5 million policyholders with such rights.
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.