Japanese Deals of the Year 2002

Deal of the Year and Best IPO Daido Life Insurance Company Y171 billion IPO Nomura The culmination of four years of hard work, the demutualization and IPO of Daido Life Insurance was a watershed deal for the Japanese markets and for the embattled life insurance sector. The deal stands as the first successful demutualization IPO in Japan and as such required creativity, innovation and perseverance in almost equal measure. The deal saw the sale of 633,215 new and existing shares for …