Explore stories from Atlantic Canada.
TOKYO - Chip equipment maker Kokusai Electric has raised $724.4 million by pricing its shares at the top end of a scaled-back marketing range in Japan's largest initial public offering in five years.
KKR Group-owned Kokusai set its IPO at 1,840 yen per share, a filing showed on Monday, valuing the company at 423.9 billion yen . Kokusai, which manufactures machines that deposit thin films on silicon wafers, last week trimmed the upper end of indicative price range to 1,840 yen from 1,890 yen previously.
The move was partly due to a lacklustre share price performance by chip designer Arm since its listing last month, a source familiar with the matter has said. The shares are scheduled to list on Oct. 25 on the Tokyoexchange's Prime Market. Kokusai's largest customers are Samsung Electronics, TSMC and Micron Technology,collectively accounting for more than 40% of its revenue.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Courier J&T Global Seeks to Raise $501 Million in Hong Kong IPOCourier services provider J&T Global Express Ltd. is seeking to raise about HK$3.92 billion ($501 million) through an initial public offering in Hong Kong, the city’s second-largest so far this year.
Read more »
How Birkenstock’s Lackluster Debut Mistimed the Shaky IPO MarketBirkenstock Holding Plc, the 249-year-old footwear brand, stumbled onto Wall Street last week in a debut that could quash the fledgling rebound of initial public offerings.
Read more »
Venice mayor orders halt to buses operated by company after second crashThe mayor of Venice ordered an immediate stop to electric buses operated by La Linea company after a bus crashed in the Italian city, injuring 15 people. This is the company’s second accident following the fiery Oct.3 collision that killed 21 people.
Read more »
Venice mayor orders halt to buses operated by company following second crash that injured 15The mayor of Venice ordered an immediate stop to electric buses operated by La Linea company after a bus crashed in the Italian city, injuring 15 people. This is the company's second accident following the fiery Oct.3 collision that killed 21 people.
Read more »
Biden 2024 campaign, allies raise $71 million in latest quarterly haulExplore stories from Atlantic Canada.
Read more »
Biden 2024 campaign, allies raise $71 million in latest quarterly haulExplore stories from Atlantic Canada.
Read more »