The IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion)

Tokyo Metro Co.’s stock is primed for healthy gains when trading starts on Wednesday after its initial public offering drew strong demand from investors. The operator of one of the world’s biggest subway systems sold the shares at ¥1,

Japanese subway operator’s shares soar as much as 47 percent in biggest listing since 2018. 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.