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International Business Times
International Business Times
Business
Simon STURDEE, Kyoko HASEGAWA

Tokyo Metro Shares Rocket On Debut

Tokyo Metro's listing reduces government ownership, split between the nation and Tokyo city, to around 50 percent (Credit: AFP)

Shares in Tokyo Metro, one of the world's busiest subways, soared almost 50 percent on its debut Wednesday after its government owners raised $2.3 billion in Japan's biggest initial public offering in six years.

Each day around 6.5 million people -- more than the London Underground -- ride Tokyo Metro's nine lines, part of a vast transport network serving the capital and its sprawling suburbs.

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