Japan: Tokyo Metro Shares Surge by Over 45% After Stock Market Debut

Japan: Tokyo Metro Shares Surge by Over 45% After Stock Market Debut | Subscribe to Firstpost

Tokyo Metro’s shares surged by over 45% during their market debut on October 23, marking Japan’s largest initial public offering in six years. The shares closed at 1,739 yen ($11.43), giving the company a valuation of approximately $6.5 billion. Established in 1920 as the Tokyo Underground Railway Company, Tokyo Metro launched Japan’s first subway line in 1927. Tokyo Metro is jointly owned by the Government of Japan and the Tokyo Metropolitan Government.

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Japan: Tokyo Metro Shares Surge by Over 45% After Stock Market Debut | Subscribe to Firstpost

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