Japan's Seven Bank Raises $481m in IPO

Investors responded favorably to the offering by the company, which provides ATM services to the operator of 7-Eleven convenience stores

It was good news for the Japanese equity markets when Seven Bank priced its initial public offering at the top of the indicated range last week. Seven Bank isn't a bank but a provider of ATM services affiliated with Seven & I, the operator of the 7-Eleven convenience store network. The company is due to start trading on the Jasdeq board on February 29.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.