Tokyo Metro Co's shares soared by as much as 47 percent above their issue price, marking Japan's largest IPO in six years, raising $2.3bn.
The IPO was Japan's first privatization of a state company since 2016, following a legal requirement to sell shares for repaying reconstruction bonds from the 2011 disaster.
To attract investors, Tokyo Metro offered perks such as train tickets and an above-average dividend yield, forecasting a payout of 40 yen per share for 2025.
With 6.5 million daily passengers, Tokyo Metro operates nine subway lines and posted a net profit of 46.3 billion yen, a notable increase from last year.
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