Tokyo Metro set to raise $2.3 bln in Japan's biggest IPO in 6 years, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
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Source: Reuters
Tokyo Metro IPO Details: Tokyo Metro is set to raise 348.6 billion yen ($2.3 billion) through its initial public offering, which was priced at the top end of its range and oversubscribed more than 15 times, marking the largest IPO in Japan in six years.
Investor Interest and Future Growth: The company's shares offer an attractive dividend yield of 3.3%, appealing to retail investors, while analysts expect growth from increased inbound traffic and stability in the railway business.
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.
