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Japanese online bank delays IPO as Ukraine war scares investors

SBI Sumishin Net Bank's move derails one of country's biggest listings this year

SBI Sumishin was slated to go public on March 24 with book building scheduled to start on Tuesday. (Source photo by Ken Kobayashi)

TOKYO -- Japan's SBI Sumishin Net Bank on Monday postponed its initial public offering on the Tokyo Stock Exchange, derailing one of the country's biggest listings this year as investors remain on the sidelines due to the Russian invasion of Ukraine.

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