Japan, Tokyo governments target $4.7 bln valuation for Tokyo Metro in IPO

Japan’s national and Tokyo governments are planning to list Tokyo Metro in an IPO with a 700 billion yen valuation, potentially the country’s largest in six years. They aim to sell half of the subway operator, raising 350 billion yen, surpassing recent IPOs and becoming a significant national story in the business and finance sector in Japan.

Full Article