bullish
Tokyo Metro (9023 JP): IPO Listing & Fast-Entry Approved
1.2k Views20 Sep 2024 20:13
A Global Index Fast-entry is expected at the close of 29 October with demand at ~$133m while a quarterly inclusion is highly likely for the May 2025 review.
What is covered in the Full Insight:
- Introduction
- IPO Overview
- Shareholder Structure
- Index Inclusion Analysis
- Conclusion
Boomeranged on Thu, 24 Oct 2024 00:28
Domestic RETAIL investors are treated as non-float for fast-entry only. The index assumed the domestic distribution – which was huge - to be ALL retail due to lack of information in filings. This caused the fcap to fail the threshold. Consequently, all unspecified domestic distributions will be treated as retail/non-float. The company will be added at the June 2025 review. Bold move by the index.
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