25.10.201523:38:38UTC+00Japan Plans to Price Japan Post IPO at High End of Range

Japanese government is raising the maximum 1.44 trillion yen ($11.9 billion) required in the privatization of the country's postal service and its banking and insurance units. Japan Post Holdings Co.'s share will be priced at or near the top end of a market range on Monday, according to sources. Shares of the parent company had been offered at 1,100 yen to 1,400 yen apiece.

The three-pronged IPO is the world's biggest since Alibaba Group Holding Ltd. in September 2014, as Prime Minister Shinzo Abe fulfills the legacy of his mentor and predecessor Junichiro Koizumi.