Chipmaker Kokusai Electric to list on Tokyo Stock Exchange on Oct. 25
Kokusai Electric, a chipmaking equipment maker, announced on Thursday that it plans to list on the Tokyo Stock Exchange on October 25. The IPO is expected to be the largest in Japan in five years.
Kokusai Electric was spun off from Hitachi in 2018 and is now owned by the private equity firm KKR. The company manufactures machines for depositing thin films on silicon wafers, which are used in the production of semiconductors.
Kokusai Electric has set a tentative IPO price of 1,890 yen per share. The company is expected to raise around 210 billion yen ($1.4 billion) in the IPO.
The IPO of Kokusai Electric is expected to be a major test for the Japanese stock market. The market has been on a tear in recent months, reaching 33-year highs. However, IPO activity has been relatively muted.
A successful IPO for Kokusai Electric could lead to a wave of new listings in Japan. The company’s IPO is also being seen as a test of the market’s appetite for chipmaking stocks.
The IPO of Kokusai Electric is a significant development for the Japanese stock market. It is the largest IPO in Japan in five years and comes at a time when the market is at 33-year highs.
A successful IPO for Kokusai Electric could lead to a wave of new listings in Japan. It could also boost the market’s appetite for chipmaking stocks.
However, investors should be aware of the risks associated with investing in IPOs. IPOs are often volatile and can be priced aggressively. Investors should carefully consider the company’s fundamentals and the current market conditions before investing in any IPO.
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