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Tokyo Metro costs IPO at 1,200 yen an item, resources claim


TOKYO (Reuters) – Tokyo Metro has actually valued its going public at 1,200 yen a share, on top end of 1,100 to 1,200 yen variety, according to 2 resources knowledgeable about the issue.

That would certainly elevate 348.6 billion yen ($ 2.33 billion), making it the biggest IPO in Japan for 6 years. The resources decreased to be called as the details is not public.

The metro driver is readied to introduce the prices later Tuesday and checklist on the Tokyo Stock Exchange onOct 23.

Tokyo Metro decreased to comment.

($ 1 = 149.7900 yen)

(Reporting by Mariko Katsumura; Editing by Muralikumar Anantharaman)



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