A Quick Summary

Japan's national and Tokyo governments aim for a 700 billion yen ($4.7 billion) valuation for Tokyo Metro in an IPO planned for as early as the end of October, potentially marking the nation's largest IPO in six years.

Reuters exclusively reported that Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, in what would be the nation’s biggest IPO in roughly six years. The two governments, which own 100% of Tokyo Metro, plan to arrange a meeting of brokerages within a week for a briefing on the IPO and expect to receive approval for the listing from the Tokyo Stock Exchange as soon as mid-September, the sources said.  
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