TOKYO: Japan's Seibu Holdings has delayed an announcement on its initial public offering price guidance by two days - until Wednesday - as it needs further time to gauge demand before setting the price range, a source familiar with the matter said on Monday.
Seibu, a railway and property conglomerate, had initially said in a filing that it would issue the price range on Monday.
Sources had said earlier that a tentative price was set at 2,300 yen per share, valuing the IPO at 186 billion yen ($1.80 billion) and the entire company at 787 billion yen.
Comments
Comments are closed.