TOKYO, Sept 15 The Japanese government will
raise around $3.8 billion through the privatisation of Kyushu
Railway Co in the country's biggest initial public offering this
year, a regulatory filing by the railway operator on Thursday
Kyushu Railway, better known as JR Kyushu, has received
approval to list on the Tokyo Stock Exchange on Oct. 25,
according to the filing with the Ministry of Finance.
The government will sell its entire stake of 160 million
shares, while no new shares will be offered in the IPO. At the
indicative price of 2,450 yen per share, the government would
sell 392 billion yen ($3.8 billion) of stock.
($1 = 102.3400 yen)
(Reporting by Taiga Uranaka, Chris Gallagher and Chang-Ran Kim;
Editing by Muralikumar Anantharaman)