Japan's Rigaku, which makes X-ray testing tools, is aiming to raise up to $888 million in its initial public offering in Tokyo, according to a term sheet reviewed by Reuters. Rigaku, owned by private equity firm Carlye Group,

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.

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 yen ($2.25 billion), giving a big boost to the country’s market for new listings.

Japan's Tokyo Metro and Rigaku on Friday kicked off the processes to launch a combined $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.