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Japan’s Tokyo Metro and Rigaku have begun the processes to launch a combined $3.13 billion in initial public offerings (IPOs) next month, as the local capital markets emerge as a global hotspot for investors.
By PA/TPN, in Asia, World, Economy, Travel · 28 Sep 2024, 13:31 · 0 Comments
Tokyo Metro aims to raise $2.25 billion, the largest IPO in Japan for six years, while Rigaku, the Carlyle Group-backed maker of X-ray testing tools, is targeting an IPO worth up to $888 million, according to term sheets.
The two deals, if successful in raising the targeted amount, will more than double the value of IPOs launched in Japan so far in 2024, LSEG data reports.
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