Eneos aims to raise as much as $3 bln via metals unit IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Source: Reuters
JX Advanced Metals IPO: JX Advanced Metals, a unit of Eneos Holdings, has received approval for a $3 billion IPO, marking Japan's largest listing in seven years, with shares priced at 862 yen each and set to list on March 19.
Use of Proceeds: Eneos aims to raise approximately 461 billion yen from the share sale to fund growth investments and enhance shareholder returns, with significant contributions expected from its semiconductor materials segment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
