Tokyo Metro ends first day of trading 45% above IPO price

Subway operator is the biggest listing since a SoftBank unit went public in 2018

20241022 marunouchi line

The Tokyo subway operator aims to take advantage of its position as a provider of vital infrastructure for the city of 14 million people. (Photo by Ken Kobayashi)

MITSURU OBE and AKANE OKUTSU, Nikkei staff writers

TOKYO -- Tokyo Metro on Wednesday embarked on a journey to transform from a public service provider into a potentially hot ticket for investors, with its shares soaring 45% on the day they debuted on the Prime section of Japan's main bourse.

The operator of the Japanese capital's 104-year-old subway system aims to take advantage of its position as a provider of vital infrastructure for the city of 14 million that is now a major hub of inbound tourism, a global financial center and a booming real estate market.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.