Japan’s Dai-ichi Mutual Life Insurance Co. – Biggest IPO since Visa

Japan’s Dai-ichi Mutual Life Insurance Co. is headed for a market capitalization of 15.5 billion dollars after its April 1 initial public offering, the world’s biggest since Visa’s in 2008.

Japan’s second-biggest life insurer will be listed at the start of next month as it will be demutualized to become a joint stock company.

Facing a declining home market due to Japan’s aging and shrinking population, the company is raising funds for expansion, including in emerging Asian markets such as India, Thailand and Vietnam.

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