SBI Shinsei Bank (TYO:8303) has fixed its initial public offering price at 1,450 yen per share, according to a Monday filing on the Tokyo Stock Exchange.
The IPO price gives the bank a market value of 1.218 trillion yen, based on its issued shares of 840 million as of Nov. 13.
The bank, a subsidiary of SBI Holdings (TYO:8473), is scheduled for listing on the Prime Market on Dec. 17.
The IPO, which includes an overallotment portion, raised some 370.2 billion yen.
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