By Kosaku Narioka
Eneos Holdings said the listing of subsidiary JX Advanced Metals was approved by the Tokyo Stock Exchange on Friday.
The Japanese energy company said it would sell 465.2 million shares of the unit and that an additional 69.8 million shares might be offered in the initial public offering.
JX Advanced Metals said the listing is expected to take place on March 19 and that the offering price will be determined on March 10. For now, the company expects to offer shares at 862 yen, equivalent to $5.64 apiece, it said.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
February 13, 2025 23:36 ET (04:36 GMT)
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