Japanese chip-tools company Kokusai Electric launches $750 million IPO

Microchip equipment maker Kokusai Electric said on Thursday it plans to list on the Tokyo Stock Exchange on 25 October, paving the way for Japan’s biggest initial public offering in five years. At Kokusai’s indicative price of 1,890 yen per share, the company will offer shares worth 111.2 billion yen ($749.88 million) with a market value of 435.5 billion yen.

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