Reported about 2 months ago
Japan's national and Tokyo governments are aiming for a valuation of 700 billion yen ($4.7 billion) for Tokyo Metro as they prepare for the subway operator's initial public offering (IPO). This transaction, potentially the largest in Japan in about six years, seeks to raise 350 billion yen by selling half of the company. A meeting with brokerages is expected soon, with hopes for approval from the Tokyo Stock Exchange by mid-September.
Source: YAHOO