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Japan's Mercari prices IPO at top of range that will raise $1.2 billion

Reuters  |  TOKYO 

TOKYO (Reuters) - Flea market app operator Mercari Inc priced its initial public offering (IPO) at the top of an indicative range on Monday, a regulatory filing showed, in Japan's biggest IPO so far this year that is raising 130.7 billion yen ($1.19 billion). Mercari said in the filing the IPO had been priced at 3,000 yen per share, at the top of a book-building range of 2,700-3,000 yen.The firm, which offers a popular smartphone app that allows people to trade used items online, will list on the Tokyo Stock Exchange's Mothers market on June 19.($1 = 109.7900 yen) (Reporting by Taiga Uranaka; ...

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First Published: Mon, June 11 2018. 11:51 IST