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Tokyo market poised for first infrastructure fund IPO

TOKYO -- A Japanese condominium developer is preparing to give the Tokyo Stock Exchange's new market for infrastructure investment vehicles its first listing.

     Takara Leben recently applied to take a solar power investment unit public. The screening process is expected to last at least three months. Proceeds from the listing, which could happen as early as spring, will go toward expanding the unit's holdings to 130,000kW in fiscal 2018 from the current 100,000kW or so.

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