IN BRIEF (Page 14)

Dai-ichi plans IPO

Dai-ichi Mutual Life Insurance Co, Japan's second-largest life insurer, plans to raise about 1.1 trillion yen ($12 billion) in an initial public offering to fund acquisitions and ventures as its domestic market wanes.

The Japanese insurer tentatively priced the shares at 150,000 yen each, according to a filing with the nation's Ministry of Finance. Tokyo-based Dai-ichi Life will sell 4.6 million shares in Japan and 2.5 million shares overseas, the filing said.