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Seibu Holdings delays IPO price range announcement -source
April 7, 2014 / 7:10 AM / in 4 years

Seibu Holdings delays IPO price range announcement -source

TOKYO, April 7 (Reuters) - Japan’s Seibu Holdings has delayed an announcement on its initial public offering price guidance by two days - until Wednesday - as it needs further time to gauge demand before setting the price range, a source familiar with the matter said on Monday.

Seibu, a railway and property conglomerate, had initially said in a filing that it would issue the price range on Monday.

Sources had said earlier that a tentative price was set at 2,300 yen per share, valuing the IPO at 186 billion yen ($1.80 billion) and the entire company at 787 billion yen. ($1 = 103.5750 Japanese Yen) (Reporting by Emi Emoto; Writing by Dominic Lau; Editing by Edmund Klamann)

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