The initial public offering of Tokyo Metro Co., one of two subway operators based in Japan’s capital, is seeking to raise around ¥319.6 billion ($2.24 billion), giving a big boost to the country’s market for new listings.

Japan's Rigaku, which makes X-ray testing tools, is aiming to raise up to $888 million in its initial public offering in Tokyo, according to a term sheet reviewed by Reuters. Rigaku, owned by private equity firm Carlye Group,

The initial public offering of Tokyo Metro Co., one of two subway operators based in Japan’s capital, is seeking to raise around 319.6 billion yen ($2.25 billion), giving a big boost to the country’s market for new listings.

JAPAN’S Tokyo Metro and Rigaku on Friday (Sep 20) kicked off the processes to launch a combined US$3.1 billion in initial public offerings (IPOs) next month, according to term sheets, as the local capital markets emerge as a global hotspot for investors.

Japan's Tokyo Metro and Rigaku on Friday kicked off the processes to launch a combined $3.1 billion in initial public offerings (IPOs) next month, according to term sheets, as the local capital markets emerge as a global hotspot for investors.