Tokyo Metro's shares have soared by up to 47% in Japan's largest IPO since 2018, raising $2.3 billion for the subway operator's government owners. The listing marks Japan's first privatization of a state company since 2016 and follows legislation requiring the government to sell its shares to repay reconstruction bonds issued after the 2011 earthquake and tsunami.

Source: https://www.aljazeera.com/economy/2024/10/23/tokyo-metro-shares-soar-in-japans-biggest-ipo-in-6-years?traffic_source=rss