Tokyo Metro shares soar 47% on debut after $2.3 billion IPO
Tokyo Metro Co.’s shares surged 47% in their market debut, opening at ¥1,630 and peaking at ¥1,768, significantly above the IPO price of ¥1,200. The public offering raised ¥348.6 billion ($2.3 billion), marking Japan’s largest IPO since SoftBank Corp.’s listing in 2018. The deal was oversubscribed more than 15 times,…
October 23, 2024