TOKYO (Reuters) -Subway operator Tokyo Metro said on Friday it plans to list on the Tokyo Stock Exchange on Oct. 23, setting the stage for what would be Japan's largest initial public offering (IPO) in about six years.

The initial public offering of Tokyo Metro Co., one of two subway operators based in Japan’s capital, is seeking to raise around ¥319.6 billion ($2.24 billion), giving a big boost to the country’s market for new listings.

JAPAN’S Tokyo Metro and Rigaku on Friday (Sep 20) kicked off the processes to launch a combined US$3.1 billion in initial public offerings (IPOs) next month, according to term sheets, as the local capital markets emerge as a global hotspot for investors.

Japan's Tokyo Metro and Rigaku on Friday kicked off the processes to launch a combined $3.13 billion in initial public offerings (IPOs) next month, according to term sheets, as the local capital markets emerge as a global hotspot for investors.

Tokyo Metro Co. is expected to announce on Sept. 20 details of its initial public offering plan that could value the company around ¥700 billion ($5 billion), according to people familiar with the matter.

TOKYO -- The Tokyo Stock Exchange announced on Friday that it has approved the listing of Tokyo Metro on the prime market, with an estimated value of 640 billion yen ($4.5 billion). The planned listing date is Oct. 23.

Japanese major subway operator Tokyo Metro Co. said Friday it will be listed on the Tokyo Stock Exchange's top-tier Prime Market on O