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Eneos aims at raising up to $3 billion via its metals unit IPO
JX Advanced Metals' (JXAM) shares will be listed in a $3 Billion share offering. This would be Japan's largest IPO since seven years. JXAM set an indicative offering price of 862yen ($5.64) for each share in advance of its Tokyo Stock Exchange listing on March 19. Final pricing will be set on March 10. Eneos plans to sell 465.2 millions shares of JXAM, with an option to purchase up to 69.8million shares. According to calculations by, the share sale could raise up to 461 billion dollars ($3.01 billion), giving Eneos a value of 800 billion dollars. Earlier this week, it...