Japan Seeks $3.8 Billion From This Year’s Second-Biggest IPO

  • Government sets 2,450 yen indicative price for Kyushu Railway
  • Company is fourth former Japan Railways company to be sold

Japan’s government is aiming to raise as much as 392 billion yen ($3.8 billion) selling shares of Kyushu Railway Co. in an initial public offering poised to be the world’s second-biggest this year.

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