TOKYO -- Japan's SBI Shinsei Bank on Friday applied to relist on the Tokyo Stock Exchange, aiming for a market capitalization of over 1.5 trillion yen ($10.2 billion), as SBI Holdings Chairman and President Yoshitaka Kitao pursues his vision of creating a "fourth megabank."
Finance
SBI Shinsei files for Tokyo relisting in quest to become '4th megabank'
Public offering could value the Japan bank at $10bn, one of the largest listings this year
SBI Shinsei Bank is moving to relist as it has nearly completed paying off its predecessor's bailout funds. (Photo by Katsuji Kamei)
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