Tag: Kokusai Electric

Kokusai Electric, a chipmaking equipment maker, plans to list on the Tokyo Stock Exchange on October 25 in what is expected to be the largest IPO in Japan in five years. The company, which was spun off from Hitachi in 2018 and is now owned by the private equity firm KKR, has set a tentative IPO price of 1,890 yen per share and is expected to raise around 210 billion yen ($1.4 billion) in the IPO. A successful IPO for Kokusai Electric could lead to a wave of new listings in Japan and boost the market's appetite for chipmaking stocks. However, investors should be aware of the risks associated with investing in IPOs.