Passenger Transportation
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Passenger Transportation
Japan, Tokyo governments target $4.7 bln appraisal for Tokyo Metro in IPO, sources state
Japan's nationwide and Tokyo federal governments are seeking a 700 billion yen ($ 4.7 billion). valuation for Tokyo Metro as they prepare to note the subway. operator as early as Octoberend, three sources stated, in what. would be the country's biggest IPO in approximately six years. The two governments, which own 100% of Tokyo City, plan to. set up a meeting of brokerages within a week for a rundown on. the IPO and anticipate to receive approval for the listing from the. Tokyo Stock Exchange as soon as mid-September, the sources stated. With half the business to be sold, the