Listing Japan Post Holdings Co and two units, the world's biggest initial public offering this year, will not just reap a windfall for public coffers but help Japan's government pursue an unstated aim: to shake up smaller regional banks that have resisted pressure to consolidate.The Tokyo Stock Exchange will approve the three IPOs, the nation's biggest sale of state assets in three decades, on Thursday, sources told Reuters last month, with shares to start trading on Nov. 4.The government aims to raise up to $14 billion in this first of three tranches, which will sell shares in the parent company, owner of Japan's mail service, and in Japan Post Bank Co (JPB) and Japan Post Insurance Co.Over the coming years, share sales are meant to generate more than $30 billion for reconstruction after the 2011 earthquake and tsunami.
Post Holdings, Inc. is a consumer packaged goods holding company. Shares of POST fell by 3.08% or $-2.05/share to $64.54. In the past year, the shares have traded as low as $30.94 and as high as $67.40. On average, 1093530 shares of POST exchange hands on a given day and today's volume is recorded at 811335.