Tokyo Metro looks to raise up to $2.4 billion in largest Japan IPO since 2018 By Reuters

TOKYO (Reuters) – Tokyo Metro set a tentative preliminary public providing (IPO) vary of 1,100 to 1,200 yen per share, towards an preliminary estimate of 1,100 yen, a regulatory submitting confirmed on Monday.

The ultimate IPO worth of Tokyo Metro, considered one of two subway operators based mostly in Japan’s capital, shall be selected Oct. 15 earlier than the Tokyo Inventory Trade itemizing on Oct. 23.

Tokyo Metro final month mentioned it had set the indicative IPO worth of 1,100 yen a share, aiming to boost 319.55 billion yen ($2.15 billion) and making it the most important IPO in Japan for six years.

($1 = 148.5500 yen)