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2024-10-23 01:20:38
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cnbc.com_5 on Nostr: Summary of Tokyo Metro shares gain 40% on debut after Japan's largest IPO in six ...

Summary of Tokyo Metro shares gain 40% on debut after Japan's largest IPO in six years



The source article:
Tokyo Metro shares gain 40% on debut after Japan's largest IPO in six years


The IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion)

https://www.cnbc.com/2024/10/23/tokyo-metro-shares-gain-40percent-on-debut-after-japans-largest-ipo-in-six-years-.html

Tokyo Metro, Japan's leading subway operator, raised 348.6 billion yen ($2.3 billion) in its initial public offering (IPO), with shares priced at the top-end of its range. The company's IPO was oversubscribed more than 15 times, with retail investors oversubscribing around 10 times. Analysts attribute the strong demand to Tokyo Metro's stable cash flow and low operational risk.
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