Tokyo Metro sets tentative IPO price of 1,100-1,200 yen per share
07/10/2024 07:05
TOKYO, Oct 7 (Reuters) - Tokyo Metro 9023.T set a
tentative initial public offering (IPO) range of 1,100 to 1,200
yen per share, against an initial estimate of 1,100 yen, a
regulatory filing showed on Monday.
The final IPO price of Tokyo Metro, one of two subway
operators based in Japan's capital, will be decided on Oct. 15
before the Tokyo Stock Exchange listing on Oct. 23.
Tokyo Metro last month said it had set the indicative IPO
price of 1,100 yen a share, aiming to raise 319.55 billion yen
($2.15 billion) and making it the largest IPO in Japan for six
years.
($1 = 148.5500 yen)
(Reporting by Mariko Katsumura; Editing by Muralikumar
Anantharaman)
((Mariko.Katsumura@thomsonreuters.com;))