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.
An initial public offering from a key global supplier of semiconductor materials is seeking to raise about JPY460 billion ($4.05 billion) in what would be Japan’s biggest such deal since 2018.
JX Advanced Metals, a unit of oil giant Eneos Holdings, set an indicative price of JPY862 per share, according to a company filing to the Ministry of Finance Friday. Final pricing will be on March 10, and JX will list on the Tokyo Stock Exchange on March 19.
