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Earlier, in May, Mizuho had said that it planned to raise up to 600 billion through issuing new shares within a year in its first global offering. The bank, which has been hit by a recession and losses on its equity holdings, posted a 588.8 billion yen loss for the 12 months ended March 31, compared with profit of 311.2 billion yen last year.

Last month, Nikkei had reported that Mizuho plans to raise about 800 billion yen, or $8.35 billion, to shore up its capital, comprising the about 600 billion yen in a common stock sale and 200 billion yen from preferred subscription securities.

Bank of America Corp., JPMorgan Chase & Co., Mizuho Securities Co. and Nomura Securities Co. are underwriting the sale, Mizuho said in May.

Japanese banks and brokerages reportedly are investing to expand operations in Japan, Europe and the U.S. Mizuho's investment banking unit, Mizuho Securities, plans to hire about 150 investment bankers in London to strengthen its merger advisory business and start managing share and bond sales in Europe, the reports noted.

In mid-June, media had reported that Mizuho is eying to acquire Japan-based asset management group Nikko Asset Management Co. Ltd, a unit of the U.S. Financial services giant Citigroup Inc.(C).

MFG closed Friday's regular trading session at $4.92, down $0.14, on a volume of 489 thousand shares.

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