Tokyo Metro Shares Soar in First Day of Trading for Century-Old Subway

By The New York Times | Oct 23, 2024 at 02:00 AM EST

Tokyo Metro's stock price surged 45% on its first trading day after raising $2 billion in Japan's biggest IPO in six years. The company's century-old underground network carries 6.5 million daily passengers, attracting investors with high dividends and steady cash flow.

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