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The Japanese stock market, which has been soaring this year, may usher in the largest IPO in six years. It is reported that the Japanese government is seeking to list the "old state-owned enterprise" Tokyo Metro, with a valuation of about 700 billion yen. This has brought more confidence to the already enthusiastic investors. However, in early August, the interest rate hike by the Bank of Japan dealt a devastating blow to the Japanese stock market, and the shock to the global market from "Black Monday" has not yet ended.

Valuation: 700 billion yen

According to Japanese media reports on Monday, three sources said that the Japanese central government and the Tokyo metropolitan government are seeking an IPO valuation of 700 billion yen (about 34.1 billion yuan) for Tokyo Metro and are preparing to list it as early as the end of October. This will be Japan's largest IPO in the past six years.

The Tokyo Metro Company was first established in 1920 and is a "very old state-owned enterprise" in Japan. In 1920, the Tokyo Metro Corporation was established. Seven years later, it opened Japan's first subway line, connecting Tokyo's Asakusa and Ueno districts, making Tokyo the first city in Asia to open a subway. Currently, the total length of Tokyo's subway lines is 195 kilometers, and the daily passenger flow reaches 6.5 million.

The Japanese central government and the Tokyo metropolitan government together own 100% of Tokyo Metro's shares. The Japanese central government holds 53.4% ​​and the Tokyo metropolitan government holds 46.6%. Currently, the two governments plan to arrange a securities meeting within a week to brief on the IPO. It is said that the IPO project is expected to obtain listing approval from the Tokyo Stock Exchange as early as mid-September.