Tokyo Metro on Market Fast Track With 45% Jump in Debut
TOKYO (Reuters) -Tokyo Metro's shares shot up 45% in their market debut on Wednesday after Japan's largest initial public offering in six years bagged it $2.3 billion with the lure of sizeable dividends. Shares closed at 1,739 yen ($11.43) giving Tokyo Metro, one of the capital's two major subway operators, a valuation of roughly 1 trillion yen.
Tokyo Metro rises 40% on debut in Japan’s biggest IPO since 2018
Tokyo Metro’s debut is helping fuel a recovery for Asia’s IPO market after Hyundai’s $3.3bn listing of its India division in Mumbai this week. Japanese X-ray technology group Rigaku Holdings is set to float on Friday, raising $750mn.
The IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion) ...
The IPO of Tokyo Metro raised 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen.
Tokyo Metro, one of the world's busiest subways, kickstarted its market debut with a strong note on Wednesday, with shares ...
With over 80% of its operating profit coming from carrying passengers on trains, critics are concerned about its nonrailway ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback