THE TOKYO Stock Exchange saw one of its largest listings in several years completed smoothly on Wednesday. The privatisation of Central Japan Railway Co, known as JR Tokai, opened moderately above its offer price. Shares in the railway company, which operates the Tokaido bullet train linking Tokyo and Osaka, ended their first day of trading at ¥385,000, slightly below market expectations of around ¥400,000, but up 7.2% from the offer price of ¥359,000.
October 10, 1997