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Al Jazeera
Al Jazeera
Business

Tokyo Metro shares soar in Japan’s biggest IPO since 2018

People walk past signs for the Tokyo Metro underground system in central Tokyo on October 21, 2024 [Richard A Brooks/AFP]

The main operator of Tokyo’s sprawling subway network has made a rip-roaring market debut in Japan’s biggest initial public offering (IPO) in six years.

Tokyo Metro Co’s shares soared by as much as 47 percent above their issue price of 1,200 yen ($7.9) on Wednesday, topping 1,760 yen ($11.6) before settling just above 1,700 yen ($11.2).

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