10th March 2025 – Japan oil giant Eneos Holdings ($16 billion market value) metals subsidiary JX Advanced Metals has raised $2.9 billion at $5.1 billion valuation for Tokyo IPO, with expected IPO listing on 19th March 2025. In 2025 February, Japan oil giant Eneos Holdings ($16 billion market value) metals subsidiary JX Advanced Metals has filed for a Tokyo IPO to raise $3 billion at $5.2 billion valuation. Announcement (14/2/25): "ENEOS Holdings, Inc. ("ENEOS Holdings") today announces that the Tokyo Stock Exchange approved the new listing of JX Advanced Metals Corporation ("JXAM"), a consolidated subsidiary of ENEOS Holdings, on the Tokyo Stock Exchange Prime Market. Following this listing approval, we hereby announce that JXAM will change from a consolidated subsidiary to an equity-method affiliate and that the status of some subsidiaries of JXAM will change by selling a portion of its shares owned by ENEOS Holdings (the "Secondary Offering") … …