JX Metals Raises $3 Billion for Japan's Biggest IPO Since SoftBank

JX Advanced Metals Corp.’s initial public offering was priced at the upper end of the marketed range, raising ¥439 billion ($3 billion), making it Japan’s biggest IPO since SoftBank Corp. went public in 2018.

Eneos Holdings Inc. sold the shares at ¥820 each and the over-allotment option was exercised, JX Metals said in a statement on Monday that confirmed an earlier Bloomberg News report. The company plans to list on the Tokyo Stock Exchange on March 19.