Reported about 13 hours ago
Japan's largest oil refiner, Eneos Holdings, is set to raise at least 400 billion yen ($2.61 billion) by listing its metals unit, JX Advanced Metals, on the Tokyo Stock Exchange. This IPO, anticipated to gain approval soon, aims for a market valuation of at least 800 billion yen and would mark the largest offering in Japan since 2018. The move is part of Eneos's strategy to optimize its portfolio and focus on growth areas, particularly in semiconductor materials.
Source: YAHOO