Transport Infrastructure
Tokyo City set to raise $2.3 bln in Japan's greatest IPO in years, sources state
Tokyo Metro is expected to raise 348.6 billion yen ($ 2.3 billion) after pricing its going public at the top end of its range, according to two sources knowledgeable about the matter, in the biggest IPO in Japan for 6 years. The company has actually priced the shares at 1,200 yen each, compared to a series of 1,100 to 1,200 yen, said the sources, who declined to be called as the info is not public. Tokyo Metro declined to comment. One of Tokyo's two major subway operators, the company is set to announce the rates later Tuesday and list on...