this post was submitted on 15 Oct 2024
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Economy

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Tokyo Metro raises $2.3 billion in Japan's biggest IPO in 6 years (www.investing.com)
submitted 2 months ago by [email protected] to c/economy
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[โ€“] Potatisen 3 points 2 months ago

Ohh, that's not good.

[โ€“] MacAttak8 1 points 2 months ago

Does this mean what I think it means? Tokyo metro was 100% owned by government (Central, Tokyo) but they are now selling half their shares to privatize the business?

In America this usually means nothing but rapid enshittification of the product to maintain growing profits. The main metro system of the most populous city in the world?

Good luck residents of Tokyo.