Refile: Tokyo Metro shares untraded with a glut of buy orders
23/10/2024 01:10
(Corrects dateline)
TOKYO, Oct 23 (Reuters) - Shares in Tokyo Metro 9023.T
were untraded with a glut of buy orders in early trading in
Tokyo on Wednesday.
Tokyo Metro, one of the capital's two major subway
operators, raised $2.3 billion after pricing its initial public
offering at the top of the range at 1,200 yen apiece.
The IPO was more than 15 times oversubscribed, Reuters has
reported, with investors drawn to a household name with an
attractive dividend yield.
Tokyo Metro is the largest IPO in Japan since SoftBank Group
9984.T listed its telecoms unit in late 2018.
(Reporting by Sam Nussey and Miho Uranaka; Editing by
Christopher Cushing)
((mailto:sam.nussey@tr.com;))