Tokyo Metro, which operates most of the Japanese capital's subway system, is planning to go public in the next financial year — a major privatization effort by Japan as it seeks to take advantage of a buoyant stock market that has shot to 34-year peaks.
The company, which is 53.4% owned by the national government with the rest held by the Tokyo Metropolitan Government, will be listed in the year that begins in April.
Half of the company is set to be sold with each government planning to sell half their stakes, according to a 2022 government document that laid out plans for the offering.
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