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.
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.
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Tokyo Metro shares soar in Japan’s biggest IPO in 6 yearsThe main operator of Tokyo’s sprawling subway network has made a rip-roaring market debut in Japan’s biggest initial public ...
With over 80% of its operating profit coming from carrying passengers on trains, critics are concerned about its nonrailway ...
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