Reported about 1 month ago
The recent IPO of Tokyo Metro Co., which raised ¥348.6 billion ($2.3 billion) after overwhelming interest from investors, is seen as a promising indicator for the Japanese stock market. With over 15 times the demand for shares, the listing highlights Tokyo's efficient subway system's appeal, demonstrating relatively stable financials and a lucrative dividend yield. This significant debut precedes a key upcoming election, emphasizing the growing appetite for Japanese stocks among domestic and foreign investors alike.
Source: YAHOO