Tokyo Metro: Asia's oldest subway goes public [Yahoo! Finance]
EAST JAPAN RWY UNSP/ADR (EJPRY)
NASDAQ:AMEX Investor Relations:
jreast.co.jp/e/investor
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Source: Yahoo! Finance
Tokyo Metro shares rocketed more than 40 percent on their stock market debut Wednesday, raising $2.3 billion in Japan's biggest initial public offering (IPO) in six years. Here are some facts about the company and its listing: - Asia's first subway - London built the first public underground railway, but in 1927 Tokyo became the first Asian city with a subway thanks to a 2.2-kilometre (1.4-mile) track from Ueno to Asakusa. The trains ran every three minutes on what is now part of Tokyo Metro's modern-day Ginza Line but were crowded with passengers who previously overran the city's trams. Having slowed during and after World War II, construction of public transport picked up pace as Japan rebuilt itself into a major economic power. The company Tokyo Metro was incorporated in 2004, adopting its heart-shaped "M" logo in place of the network's previous one: a spiky, space-age "S" for subway. - Complex map - Tokyo Metro's nine lines -- named Ginza, Marunouchi, Hibiya, Toza
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