Tokyo Metro sets tentative IPO price of 1,100-1,200 yen per share

TOKYO (Reuters) – Tokyo Metro set a tentative initial public offering (IPO) range of 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen, a regulatory filing showed on Monday.

The final IPO price of Tokyo Metro, one of two subway operators based in Japan’s capital, will be decided on Oct. 15 before the Tokyo Stock Exchange listing on Oct. 23.

Tokyo Metro last month said it had set the indicative IPO price of 1,100 yen a share, aiming to raise 319.55 billion yen ($2.15 billion) and making it the largest IPO in Japan for six years.

($1 = 148.5500 yen)