~ (@Michael-official) on getquin

2Mon·

The state-owned subway company Tokyo Metro 🇯🇵 is expected to go into operation on 23. October on the stock exchange.

The price range per share has been set at 1100 to 1200 yen (approx. 6.70 to 7.30 euros), which suggests proceeds of up to 2.1 billion euros.

The Japanese government and the city of Tokyo want to jointly acquire a 50-percent stake.

It would be Japan's largest IPO since 2018 - when Softbank
$9434 (+0.29%) went public on the stock exchange.

3 Comments

Schweizer_Investor@Alumdria

2Mon

It's certainly a safe stock. In a huge metropolis like Tokyo, you're almost lost without the subway. You could take a cab, but that's definitely expensive. And I wouldn't want to own a car there either. I don't even want to know how difficult it is to find a parking space. And then there's the traffic jams, and you have to pay tolls all the time on the city highway😅

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GHF@GHF

2Mon

In contrast to German public transport, it is highly profitable, with a profit of around €500 million a year.

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BLAUGE@BLAUGE

1Mon

Do you know when the share will be tradable at TR? It is already tradable at ING.

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