Japan Display's $4bn IPO should be easy sell

The world's largest tablet and smartphone display maker is set to list in Tokyo in March, which would be the largest IPO in Asia so far this year.
Japan Display is a key supplier to Apple for its IPhone 5.
Japan Display is a key supplier to Apple for its IPhone 5.

The move by Japan Display, a major supplier to Apple, to raise up to $4 billion with a March listing in Tokyo looks like an easy sell.

With a two-week roadshow starting on Monday, the world’s largest manufacturer of screens for tablets and smart phones is targeting a March 19 listing date and will announce a price range on March 3, according to a term sheet seen by FinanceAsia.

There will be 353.9 million shares 140 million primary and 213.9 million secondary on offer, with an overallotment of 18 million shares.

Just over half of the shares will be offered to the...

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