Japan Airlines (JAL) confirmed this morning that its initial public offering (IPO) will be priced as confirmed here in January at 663 billion yen ($8.4bn) after setting the indicative price range between 3,500 yen and 3,790 yen for what will rank as the world’s second-largest IPO this year after Facebook. The listing (or re-listing depending on how you look at it) will take place on September 19th. The very fact that the IPO pricing has a range running up to the top end of the preliminary reference price shows that interest is strong but nothing is certain in this market.

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