Tokyo Metro shares jump a third in market debut
- Posted on October 23, 2024
- By Business News Today
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Tokyo Metro shares jump a third in market debut
Shares in Tokyo Metro surged 36% on their Tokyo market debut, following a highly popular initial public offering that raised $2.3 billion. The IPO was oversubscribed by more than 15 times, attracting investors with an appealing dividend yield and additional perks. This marked Japan's largest IPO since 2018.