JAL IPO

Japan Airlines prices $8.5 billion IPO

JAL fixes the price at the top of the range before its re-listing in Tokyo which is poised to become the world’s second-biggest offering so far in 2012.
The first of JAL's new fleet of Boeing 787s arriving in Tokyo in March

Marking a swift rebound from its bankruptcy, Japan Airlines JAL is now set to raise 663 billion $8.5 billion from its initial public offering in Tokyo, with listing scheduled for September 19.

JAL has priced the IPO at 3,790 a share, after marketing the deal in a range between 3,500 and 3,790, the airline said in a statement yesterday. It was delisted from the Tokyo Stock Exchange in early 2010, when it filed for bankruptcy with debts of 2.3 trillion. As part of the turnaround measures,...

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