The government has raised the maximum ¥1.44 trillion ($11.9 billion) sought in the privatization of the nation's postal service and its banking and insurance units.
Shares of Japan Post Holdings Co. were priced at ¥1,400, the top end of a marketed range, a Finance Ministry filing showed Monday. Its two financial units were also offered at the highest price a week ago.
The three-pronged IPO is the world's biggest since Alibaba Group Holding Ltd. in September 2014, as Prime Minister Shinzo Abe fulfills a plan first drawn up by his mentor and predecessor Junichiro Koizumi 10 years ago. Almost 80 percent of the shares are being sold to individuals as part of Abe's goal of getting households to invest more of their savings.