The listings of Japan Post Holdings Co and its bank and insurance units will seek to raise a combined $11.5 billion - critical offerings the government hopes will win over retail investors and boost the stock market.The triple IPOs represent Japan's biggest privatisation in nearly three decades and will bring to market its largest bank, which is also one of the world's biggest institutional investors, as well as the nation's largest insurance company by asset size.But scepticism abounds over growth prospects for all three companies with both Japan Post Bank and Japan Post Insurance subject to heavy regulation to protect private sector rivals, while mail services are suffering from declining volume in an Internet age. "I don't imagine managers of active funds will rush to purchase shares of Japan Post companies," said a fund manager.
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, 1094060 shares of POST exchange hands on a given day and today's volume is recorded at 811335.
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