Consulting firm Northsand (TYO:446A) has set its initial public offering (IPO) price at 1,120 yen, according to new listing filings on the Japan Stock Exchange recently.
At the price, Tokyo Metro is valued at some 67.2 billion yen, based on the number of issued shares of 60 million as at Oct. 21.
The growth market listing, scheduled for Friday, aims to raise at least 22.2 billion yen, based on the 9 million new shares issued to the public, 8.22 million shares subscribed by the underwriter and another 2.58 million shares via over-allotment scheme.
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