Tokyo Metro IPO: Why People Are Buying Subway Shares for Free Noodle Toppings

Updated : Oct 23, 2024 17:22
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Editorji News Desk

Would you believe people are buying shares of a company to get free toppings on their noodles? .

But this isn't just any company - it's one of the world's busiest subway systems.

Tokyo Metro just hit the stock market, and it's causing absolute chaos!The subway giant made its explosive market debut on Wednesday, the 23rd of October.

Here's the mind-blowing part - shares sold at 1,200 yen gave investors 45% return in just one day, closing at a whopping 1,739 yen!Get this – It is Japan's biggest IPO in six years, and it was oversubscribed 15 times!.

Why? Sure, there's the promise of high dividends, but here's the fun part - shareholders get perks like free tempura toppings at Metro's noodle stands, free museum tickets, and even access to golf ranges!.

Also Watch: Meta Bans Student Who Tracked Mark Zuckerberg's Private Jet

IPO

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