03 Apr 8 million foreign visitors last year
Japan government to raise as much as
TOKYO, Oct 6 (Reuters) The canada goose outlet toronto factory Japanese government is set to raise as much buy canada goose jacket cheap as $4 billion by selling its entire holding in Kyushu Railway Co, according buy canada goose jacket to a canada goose government filing on Thursday, in canada goose clearance sale what will be Japan largest initial public offering (IPO) this year.
Kyushu Railway, better known as JR Kyushu, will price its IPO between 2,400 yen and 2,600 yen per share, according to the filing.
The government, which currently owns 100 percent of Kyushu Railway, plans to sell all of its 160 million shares in the railway operator. If the canada goose deals price is set at the top of the range, the offering size will be 416 billion yen ($4.02 billion).
Last month the Canada Goose Parka government set the indicative price of the IPO canada goose outlet store locations cheap Canada Goose Jackets at 2,450 yen a piece.
The government plans to set the final price on Oct. 17 after Canada Goose Outlet gauging demand from investors.
The shares will be marketed at a time investors are cautious about the market. Canada Goose Coats On Sale Japanese stocks are Canada Goose Online seen settling for canada goose store an annual canada goose clearance drop this year, canada goose coats ending a four year rally driven by Prime Minister Shinzo Abe initiative canada goose coats on sale to end deflation, according to a recent Canada Goose Jackets poll by Reuters.
The benchmark Nikkei 225 has fallen 11 percent so far this year on concerns a stronger yen would hurt corporate earnings.
But Canada Goose sale with a potential market value of 416 billion yen, JR Kyushu is expected to be included in Japan major indexes, and thus see demand as passive investors like index funds would be forced to hold the shares in their portfolios.
The government sold its shares in other railway operators Canada Goose online in the past, such as the East Japan Railway Co, West Japan Railway Co and Central Japan Railway Co, as it broke up https://www.topcanadagoose.ca and privatized the former state owned railway network.
JR Kyushu, which operates in Japan southern island of Kyushu, could take advantage of the foreign tourist boom on the island.
The island boasts hot springs canada goose replica and scenic landscapes and attracted a record canada goose black friday sale 2.8 million foreign visitors last year, an increase of 69 percent from a year earlier, outpacing Japan 47 percent canadian goose jacket rise.
And the number of foreign tourists has been increasing every month from a year earlier so far this year, hitting 2.2 million in July, cheap Canada Goose according to the local government, despite part of the island being hit earlier this year by a series of deadly 2018 canada goose outlet earthquakes that killed at least 40 people. ($1 = 103.5600 yen) (Reporting by Junko Fujita; Editing by Muralikumar Anantharaman).