Japan to ease IPO rules in October, allowing greater price flexibility

Changes follow complaints that rigid regulations pushed launches overseas

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 The Tokyo Stock Exchange's bell is rung during IPO ceremonies. (Photo by Takuya Ikeda)

KENSUKE YUASA, Nikkei staff writer

TOKYO -- Japan will allow companies increased flexibility when going public starting in October, giving them greater freedom to change initial public offering prices after preliminary filings.

Rules for IPOs are governed by ordinances issued by the Cabinet Office, which will make revisions effective Sunday.

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