Tokyo Metro on market fast track with 45% jump in debut

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TOKYO :Tokyo Metro's shares shot up 45 per cent in their market debut on Wednesday after Japan's largest initial public offering in six years bagged it $2.3 billion with the lure of sizeable dividends. Shares closed at 1,739 yen ($11.

Tokyo Metro forecasts a dividend of 40 yen per share for the financial year ending March 2025 and also offers perks to shareholders such as toppings at its noodle eateries.

Shares closed at 1,739 yen ($11.43) giving Tokyo Metro, one of the capital's two major subway operators, a valuation of roughly 1 trillion yen.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: October Metro Exchange Ceremony 2024 Mark Stock Tokyo Japan Debut Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 08:17:40 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 697 words

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Sentences: 28 lines

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News ID: 23212661

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