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Shinsei Bank said Monday it will make an initial public offering at 525 yen per share when it lists on the Tokyo Stock Exchange on Feb. 19.

The IPO price is the upper limit of an earlier set tentative IPO price range of between 450 yen and 525 yen, and the market value of outstanding Shinsei Bank shares will be about 710 billion yen, about six times the initial investment by a consortium led by Ripplewood Holdings LLC.

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