First Class IPO Delivers Surge for Japan Post Debut

Japan Post Holdings Co. and its two financial units jumped on debut in Tokyo trading after investors flocked to the group’s $12 billion initial public offering. Shares of the holding company surged 26 percent to 1,760 yen at the close of trading Wednesday in Tokyo. The debuts mark the culmination of a decade-long political effort to privatize the postal service, following similar efforts in Italy, the U.K. and Belgium. Crossbridge Capital Head of Investments Manish Singh speaks to Bloomberg’s Manus Cranny on “The Pulse.”

Saudi Aramco Said to Prepare for Delayed IPO
32:42 - Emad Mostaque, co-chief investment officer at Capricorn Fund Managers, and Bloomberg's Javier Blas discuss a potential delay for the initial public offering of Saudi Arabia's state-owned oil company Saudi Aramco. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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