A Japanese maker of chip-manufacturing equipment had a strong debut on the Tokyo Stock Exchange, rising on its first day of trading. The listing of Kokusai Electric on the TSE's Prime market was the biggest initial public offering this year in Japan.
The company was valued at more than 540 billion yen, or about 3.6 billion dollars, at the end of Wednesday's session.
Kokusai Electric specializes in technologies for forming thin films on chip surfaces.
US investment fund KKR acquired a group company of Japanese electronics giant Hitachi in 2017. It formed Kokusai Electric by separating out the firm's semiconductor equipment business the following year.
TSE officials say 66 companies went public between January and September this year. That's 14 more than the same period last year.
The company was valued at more than 540 billion yen, or about 3.6 billion dollars, at the end of Wednesday's session.
Kokusai Electric specializes in technologies for forming thin films on chip surfaces.
US investment fund KKR acquired a group company of Japanese electronics giant Hitachi in 2017. It formed Kokusai Electric by separating out the firm's semiconductor equipment business the following year.
TSE officials say 66 companies went public between January and September this year. That's 14 more than the same period last year.
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Summary
Japanese chip-manufacturing equipment maker Kokusai Electric had a successful debut on the Tokyo Stock Exchange, ending its first day of trading with a valuation over 540 billion yen ($3.6B). The company's listing marked the biggest initial public offering in Japan for this year, following the
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ID: 0dd0d523-5238-4cd0-830c-a4136f494130
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231025_39/
Date: Oct. 25, 2023
Created: 2023/10/26 07:37
Updated: 2025/12/08 22:12
Last Read: 2023/10/26 11:10