Japan Post IPO Triggers Surge in Account Openings at Brokerages
ByJapanese brokerages saw a surge in the number of accounts opened by individuals after Japan Post’s $12 billion initial public offering spurred investor appetite for shares.
Nomura Holdings Inc., the nation’s biggest securities firm, has added about 2,500 accounts opened each day on average so far in October, almost double the daily average for 2014, people with knowledge of the matter said. New accounts at Mitsubishi UFJ Morgan Stanley Securities Co. increased more than 50 percent in September, when the IPO was announced, from August, the firm said in an e-mailed statement…
Japan Post IPO Triggers Surge in Account Openings at Brokerages