An initial public offering from a key global supplier of semiconductor materials is seeking to raise about ¥460 billion ($3 billion) in what would be Japan’s biggest such deal since 2018.

Japan's largest oil refiner, Eneos Holdings, aims to raise at least 400 billion yen ($2.61 billion) by listing its wholly owned metals unit, two sources said, in what would be the nation's biggest IPO in seven years.

An initial public offering (IPO) from a key global supplier of semiconductor materials is seeking to raise about ¥460 billion ($3 billion) in what would be Japan’s biggest such deal since 2018.

Japans top oil refiner, Eneos Holdings, is set to launch the nations largest IPO in seven years, aiming to raise at least 400 billion yen ($2.61 billion) by listing its wholly owned metals unit, JX Advanced Metals (JXAM),

JX Advanced Metals (JXAM), a wholly owned metals unit of Japan's Eneos Holdings , won approval to list its shares in a $3 billion share offering, a regulatory filing showed on Friday, in what would be the nation's biggest IPO in seven years.

Eneos Holdings, Japan's largest oil refiner, is reportedly aiming to raise a minimum of 400 billion yen ($2.61 billion) through the initial public offering (IPO) of its wholly owned subsidiary JX Advanced Metals (JXAM),