Japan Airlines IPO

JAL to return to Tokyo bourse with $8.5 billion IPO

The airline plans to re-list its shares next month, less than three years after its bankruptcy in 2010.
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JAL's return to the stock exchange will be the world's biggest IPO after Facebook this year
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<div style="text-align: left;"> JAL's return to the stock exchange will be the world's biggest IPO after Facebook this year </div>

Japan Airlines JAL is rebounding from bankruptcy with plans to raise about 663 billion $8.5 billion from an initial public offering in Tokyo, slated for mid-September.

The carrier’s widely expected comeback to the Tokyo Stock Exchange, which it announced on Friday, marks a quick return to the bourse since delisting in early 2010, when it filed for bankruptcy with debts of 2.3 trillion. Two years on, JAL posted a record operating profit of 205 billion for the latest fiscal year, which ended in March.

If successful, it will be Japan’s third-biggest IPO on record, after NTT Mobile Communications Network’s $18 billion offering in 1998 and Dai-ichi Life...

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