Tokyo Metro is set to raise ¥348.6 billion ($2.3 billion) through its IPO, pricing shares at ¥1,200 each, the top of its expected range. This marks Japan's largest IPO in six years. The subway operator will list on the Tokyo Stock Exchange on October 23. The IPO offers a 3.3% dividend yield, with anticipated growth from inbound traffic. Both the central and Tokyo governments are selling half of their shares in the company.
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