Tokyo Metro prices IPO at 1,200 yen a piece, sources say

Tokyo Metro Co

15/10/2024 24:29

TOKYO, Oct 15 (Reuters) - Tokyo Metro  9023.T  has
priced its initial public offering at 1,200 yen a share, at the
top end of 1,100 to 1,200 yen range, according to two sources
familiar with the matter. 
    That would raise 348.6 billion yen ($2.33 billion), making
it the largest IPO in Japan for six years. The sources declined
to be named as the information is not public. 
    The subway operator is set to announce the pricing later on
Tuesday and list on the Tokyo Stock Exchange on Oct. 23.    
    Tokyo Metro declined to comment.
    
 ($1 = 149.7900 yen)

 (Reporting by Mariko Katsumura; Editing by Muralikumar
Anantharaman)
 ((Mariko.Katsumura@thomsonreuters.com;))