The Tokyo Metro was listed on the Tokyo Stock Exchange on 23rd October 2024, in the largest initial public offering (IPO) in Japan since 2018. Prior to the listing, the national government owned 53.4% of Tokyo Metro's shares, while the remaining 46.6% were held by the Tokyo prefecture. Both sold half of their shares, which together made up 50% of the shares. The IPO was offered at the maximum price of €7.24 (JPY 1,200), raising a total of €2.1 billion. On the first day of trading, the shares closed at €10.49, valuing the company at €6 billion (JPY 1 trillion). The national government is planning to use its share of the proceeds to cover the repayment of reconstruction bonds issued after the March 2011 earthquake in Honshu. The Tokyo prefecture intends to use its proceeds to fund infrastructure projects.
