Tokyo Metro Co. is expected to have a strong trading debut after its initial public offering, which garnered significant investor interest.

The company, known for operating one of the largest subway systems globally, priced its shares at ¥1,200 ($8) each, successfully raising ¥348.6 billion.

This is Japan's largest IPO since SoftBank Corp. went public in 2018. The offering received overwhelming demand, being oversubscribed more than 15 times, indicating the confidence investors have in the company and the potential for substantial gains when trading begins on Wednesday.