Tokyo Metro shares rocket on debut

Tokyo Metro shares rocket on debut

Tokyo Metro shares rocket on debut …C0NTINUE READING HERE >>>

Tokyo Metro’s listing reduces government ownership, split between the nation and Tokyo city, to around 50 percent.
Photo: Richard A. Brooks / AFP
Source: 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.

The company’s shares surged to 1,739…

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