Loading...
Market
Will Tokyo Metro announce a dividend by end of Q1 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Tokyo Metro official press releases or financial statements
Story
Asia's Oldest Subway, Tokyo Metro, Shares Surge 45% in Japan's Largest IPO
Oct 23, 2024, 01:20 AM
Tokyo Metro Co., Asia's oldest subway operator, made a strong debut on the Tokyo Stock Exchange in Japan's biggest initial public offering (IPO) in six years. The government owners raised 348.6 billion yen ($4.6 billion) by pricing shares at 1,200 yen each. On their first day of trading, the shares surged over 45%, opening at 1,630 yen and soaring up to a 49% increase, reflecting strong investor demand. The IPO was oversubscribed, with underwriters reporting more than 15 times demand, and foreign investors seeking over 35 times the shares available to them. The successful IPO and subsequent share performance are seen as a test of investor confidence in the Japanese stock market.
View original story
Similar markets
Above 2,000 yen • 25%
Between 1,500 and 2,000 yen • 25%
Between 1,200 and 1,500 yen • 25%
Below 1,200 yen • 25%
Below 10 billion yen • 25%
10 to 15 billion yen • 25%
15 to 20 billion yen • 25%
Above 20 billion yen • 25%
Below 1,200 yen • 25%
1,200 to 1,399 yen • 25%
1,400 to 1,599 yen • 25%
1,600 yen or above • 25%
Outperforms by more than 5% • 25%
Outperforms by 0-5% • 25%
Underperforms by 0-5% • 25%
Underperforms by more than 5% • 25%