Japan seeking a 700 billion yen valuation for Tokyo Metro, listing as early as end-October

Japan’s national and Tokyo
governments are seeking a 700 billion yen ($4.7 billion)
valuation for Tokyo Metro

• Preparing to list the subway
  operator as early as October-end

Info via Reuters citing three unnamed sources

• would be Japan’s biggest IPO in roughly six years
• the two governments own 100% of Tokyo Metro
• meeting of brokerages planned within a week
• half the company to be sold

This article was written by Eamonn Sheridan at www.forexlive.com.