NEWS Desk Global
TOKYO METRO LOOKS TO RAISE UP TO $2.4 BLN IN LARGEST JAPAN IPO SINCE 2018
Tokyo Metro has set a price range for an initial public offering at 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen.
At the top of the range, Tokyo Metro, one of two subway operators in Japan's capital, would raise 349 billion yen ($2.35 billion) in the largest IPO in Japan for six years. The final IPO price for the subway operator, which is owned by the Tokyo and national governments, will be decided on Oct. 15 before a Tokyo Stock Exchange listing on Oct. 23.
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