Shinsei Bank shares debuted Thursday on the first section of the Tokyo Stock Exchange, marking a dramatic revival from the collapse of Long-Term Credit Bank of Japan five years ago.

One of the most closely watched initial public offerings in recent years met strong demand from investors, who had to wait until the early afternoon session to learn the shares’ initial market price of 872 yen after bidding orders flooded in since the opening of trade.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.