Photographer: Andrew Harrer/Bloomberg

Will Japan Post's Huge IPO Teach the U.S. Post Office to Privatize?

Investors seem to smile on postal businesses that learn how to deliver more than letters.

Japan Post went public this week and managed to raise $12 billion, making a national mail carrier responsible for this year's most successful initial public offering. That’s a lot of money at a time when mail is disappearing and the U.S. Postal Service, the world’s largest deliverer of letters and parcels, is awash in red ink.

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