Tokyo, Oct 23, 2024 (AFP) - Tokyo Metro shares rocket higher on debut

NAMPA / AFP

2024-10-23

Tokyo Metro shares soared more than 40 percent on their debut Wednesday after its government owners raised 348.6 billion yen ($2.3 billion) in Japan's biggest initial public offering since 2018. In early trade Tokyo Metro shares were at 1,745 yen, up 45 percent from their issue price of 1,200 yen, with reports saying the issue was 15 times oversubscribed among investors. Proceeds from the IPO will redeem reconstruction bonds issued after the 2011......

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