Trial Holdings, Shareholders Raise $265 Million in Japan IPO

Discount-store chain operator Trial Holdings Inc. and some shareholders raised about ¥38.85 billion ($265 million) in Japan’s largest initial public offering this year.

About 22.85 million shares were sold at ¥1,700 each in the IPO, the top of the marketed range, according to a statement on Monday. It’s the largest IPO in the country since Kokusai Electric Corp.’s $844 million offering in October. There’s an over-allotment option, and the expected listing date is March 21.

After withdrawingan earlier IPO plan last April, Trial’s listing on Tokyo’s Growth market comes amid booming interest in Japanese stocks as investors flock ...