Power wholesaler Electric Power Development Co. said Friday it has received approval from the Tokyo Stock Exchange to go public on the bourse Oct. 6, which will complete its privatization.
The section in which the stock will be listed will be decided Sept. 27, the same day the public offering price is set, the company said.
Electric Power Development, dubbed J-Power, expects the selling price to be 2,670 yen per share, which would bring its total market capitalization to around 371 billion yen.
J-Power was established by the government in 1952 to develop water- and coal-generated power. It was privatized in October.