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Tokyo - Delayed Quote JPY

ENEOS Holdings, Inc. (5020.T)

795.20

+14.80

+(1.90%)

At close: 3:30:00 PM GMT+9

Eneos Plans $3 Billion IPO of Metals Subsidiary

The Tokyo-based energy giant said that it plans to offer a majority of shares in the wholly owned subsidiary, JX Advanced Metals, in the offering that would raise as much as 438.6 billion yen, equivalent to $2.96 billion.

The Wall Street Journal 2 days ago

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Eneos Plans to Spin off Metals Subsidiary, Raise $3 Billion in IPO

The energy company plans to spin off its metals subsidiary and raise as much as $3 billion through a listing that would be one of Japan’s biggest such offerings in recent years.

The Wall Street Journal 26 days ago

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Exclusive-Japan's Eneos aims to raise at least $2.6 billion in metals unit's IPO, sources say

TOKYO (Reuters) -Japan's largest oil refiner, Eneos Holdings, aims to raise at least 400 billion yen ($2.61 billion) by listing its wholly owned metals unit, two sources said, in what would be the nation's biggest IPO in seven years. Eneos expects to receive approval for the initial public offering of JX Advanced Metals (JXAM) from the Tokyo bourse as soon as this week, the sources told Reuters, declining to be named as the information is not public. The refiner plans to sell half of its JXAM stake in the IPO and is targeting a market value of at least 800 billion yen, they said.

Reuters 28 days ago

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Performance Overview

Return	5020.T	Nikkei 225
YTD	-3.76%	-7.71%
1-Year	+24.57%	-5.10%
3-Year	+97.96%	+46.32%