June 11, 2018 / 6:23 AM / in a month

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

TOKYO, June 11 (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; Editing by Muralikumar Anantharaman)

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