Tokyo Metro, Japan's largest subway operator, raises ¥348.6 billion ($2.3bn) in its IPO, marking Japan's biggest IPO in six years.
Tokyo Metro, Japan's largest subway operator, has priced its Initial Public Offering (IPO) at 1,200 yen per share, raising ¥348.6 billion ($2.3 billion). This marks Japan's biggest IPO in six years. Scheduled to list on the Tokyo Stock Exchange on October 23, the offering will see the central and Tokyo governments sell half of their shares. The IPO is expected to enhance Tokyo Metro's growth and attract future listings, with a projected dividend yield of 3.3%.
October 15, 2024
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