Jumbo Listings Set to Boost Japan’s Market as Sentiment Recovers
- Tokyo Metro may raise as much as $2.4 billion, people say
- ‘Not a bad time to hit the market,’ Mizuho Securities says
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Two jumbo initial public offerings may roughly triple the amount of money raised in Japan’s stock market this year as sentiment bounces back from this month’s selloff.
Subway operator Tokyo Metro Co. may raise as much as ¥350 billion ($2.4 billion) as early as October, according to people familiar with the matter. Chipmaker Kioxia Holdings Corp. is looking to raise about $500 million in coming weeks, Bloomberg reported Friday.