Japan's regulator warns Mizuho Securities over IPO price setting

Japan's regulator warns Mizuho Securities over IPO price setting

Pedestrians are reflected in the logo of Mizuho Financial Group outside a Mizuho Bank Ltd branch in Tokyo, Japan. Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s antitrust regulator on Thursday said it had admonished the brokerage unit of Mizuho Financial Group for pushing startups to accept underpriced initial public offerings (IPO).