Exclusive: Japan, Tokyo governments target $4.7 billion valuation for Tokyo Metro in IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
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Source: Reuters
Tokyo Metro IPO Plans: Japan's national and Tokyo governments are preparing for a 700 billion yen ($4.7 billion) valuation of Tokyo Metro, aiming for an initial public offering (IPO) by late October, which would be the largest in Japan in nearly six years.
Use of Funds and Company Background: The central government plans to use the funds raised from the IPO to repay reconstruction bonds from the 2011 earthquake and tsunami, while Tokyo Metro, which has a history dating back to 1920, reported a significant profit increase as economic activity rebounded post-COVID-19.
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.
