Nikkei gains as Sony climbs on IPO report

Tokyo, Apr 26: The Nikkei share average rose 0.72 percent at the start of trade on Thursday, with shares of Sony Corp. gaining ground following a report that it will raise about 300 billion yen (Tokyo, Apr 26: The Nikkei share average rose 0.72 percent at the start of trade on Thursday, with shares of Sony Corp. gaining ground following a report that it will raise about 300 billion yen ($2.53 billion) for its mainstay electronics business by listing its financial unit.

The Nikkei was up 157.57 points at 17,393.73 as of 0010 GMT.

The broad TOPIX index was up 0.54 per cent at 1,696.47.

Reuters.53 billion) for its mainstay electronics business by listing its financial unit.

The Nikkei was up 157.57 points at 17,393.73 as of 0010 GMT.

The broad TOPIX index was up 0.54 per cent at 1,696.47.

Reuters>