Japan Set to Raise $4 Billion from IPO of JR Kyushu Railway

The Japanese government expects to raise 416 billion yen ($4 billion) from the initial public offering of 160 million shares of Kyushu Railway Co., or JR Kyushu, the latest in the privatization of this nation’s prized train operations.The initial price is 2,600 yen ($24) a…
Source: World News from Newsmax