SBI Shinsei Bank, Limited's planned initial public offering aims to sell as much as JPY 400 billion ($2.6 billion) of shares in what could be one of the largest listings in Japan this year. The deal would value the Japanese lender at around JPY 1 trillion, said the people, who asked not To be identified as the information was private. A SBI Shinsei spokesperson declined to comment.
The initial share sale comes as the nation?s IPO market is getting closer to the last year?s total proceeds, which was the largest in six years. SBI Shinsei?s deal could push this year?s total higher to the level seen in 2018 when SoftBank Group?s telecom unit went public. SBI Shinsei plans to list in mid-December and has tapped Bank of America, Goldman Sachs Group, Mizuho Financial Group, Nomura Holdings, SBI Holdings and SMBC Nikko Securities as lead underwriters for the deal, people familiar with the matter said last month.
