Mizuho Financial Group is set to raise ¥516 billion ($5.50 billion) in total proceeds, including a greenshoe amounting to ¥36 billion, after selling just under 3 billion of new common stock, according to the company's website. The fundraising comes after Sumitomo Mitsui Financial Group's (SMFG) $8.8 billion follow-on in June, which was the largest-ever capital raising exercise in Japan's banking sector, and Mitsubishi UFJ Financial Group's (MUFG) $4.5 billion follow-on in December.Bank of America Merrill Lynch, Goldman Sachs, J.P. Morgan, Mizuho Securities, ...