(Bloomberg) -- Tokyo Metro Co. is raising ¥348.6 billion ($2.3 billion) after the company priced shares at the top of the marketed range, people familiar...
-- Tokyo Metro Co. is raising ¥348.6 billion after the company priced shares at the top of the marketed range, people familiar with the matter said, in a show of hot demand for Japan ’s biggest listing in six years.The Cablebus Transformed Commutes in Mexico City’s Populous Outskirts
Katsumi Udagawa of Ichiyoshi Securities Co.’s Investment Information Department said he expects that “if the success continues, the market will be revitalized” as he expects more large-scale IPOs after Tokyo Metro. In addition to the attractive dividend, there is a sense of security about the company’s performance, and that “the stock can be bought like a bond,” said Takamasa Ikeda, a senior portfolio manager at GCI Asset Management.
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