An initial public offering (IPO) from a key global supplier of semiconductor materials is seeking to raise about ¥460 billion ($3 billion) in what would be Japan’s biggest such deal since 2018.
JX Advanced Metals, a unit of oil giant Eneos, set an indicative price of ¥862 per share, according to a company filing to the Finance Ministry. Final pricing will be on March 10, and JX will list on the Tokyo Stock Exchange on March 19.
The deal would exceed last year’s blockbuster share debut of subway operator Tokyo Metro, and be the largest since SoftBank’s listing in December 2018.
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