SBI Shinsei Bank IPO Partially Backed by Norinchukin Bank

The largest offering of the year, valued at 1.3 trillion yen, will see partial underwriting support from Norinchukin Bank according to sources.

Summary

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Terms & Concepts
  • IPO (Initial Public Offering): The process through which a private company offers shares to the public for the first time.
  • Underwriting: A financial service where an institution guarantees the purchase of securities in an offering, assuming risk if buyers are not found.
  • Market Capitalization: The total value of a company's outstanding shares, calculated by multiplying the share price by the number of shares.