Cerberus-backed Seibu gains 11% on trading debut
Seibu Holdings, which counts Cerberus Capital Management as its largest shareholder, saw its stock rise 11% on its trading debut in Tokyo on Wednesday.
The company's scaled back IPO - which prompted Cerberus to abandon plans to exit nearly half of its stake - raised JPY547 billion ($5.3 billion) after pricing shares at JPY1,600 apiece. The stock ended...
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