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Stock impact report

Tokyo Metro Considers a Shareholder Benefits Program [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
investors to hold its stock for the long term, according to people familiar with the matter. Most Read from Bloomberg Such a move would likely help to stabilize the share price of Tokyo Metro after the initial public offering of its shares, said the people, who asked not to be identified as the the information isn't public. The subway operator based in Japan's capital is expected to announce on Sept. 20 details of its IPO, which may value the company around ¥700 billion ($5 billion), people familiar with the matter have said previously. One of those people said Oct. 23 is the most likely listing date. Tokyo Metro will consider examples of similar programs at other companies in its industry before deciding on any details of shareholder benefits, said one of the people. Another of the people said that ticket books are one of the options being considered. A spokesperson for Tokyo Metro declined to comment on whether the company is considering introducing shareholder benefits. Show less Read more
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