Overview

• Tokyo Metro's IPO raised ¥348.6 billion ($2.3 billion), pricing shares at ¥1,200 each, the top of its expected range.
• The offering was more than 15 times oversubscribed, highlighting strong investor interest and confidence.
• This IPO is Japan's largest since SoftBank Corp.'s $21 billion listing in December 2018.
• Tokyo Metro's shares are set to list on the Tokyo Stock Exchange on October 23.
• Analysts predict the success of this IPO could attract more companies to the Japanese market, countering a decline in Chinese IPO activity.