TOKYO — Japan’s SBI Shinsei Bank on Friday applied to relist on the Tokyo Stock Exchange, aiming for a market capitalization of over 1.5 trillion yen ($10.2 billion), as SBI Holdings Chairman and President Yoshitaka Kitao pursues his vision of creating a “fourth megabank.”
SBI Shinsei is expected to relist as soon as within the year, subject to exchange approval, in what could be one of the largest initial public offerings in Japan this year.
