Japan chip tool firm Kokusai Electric launches $750 million IPO

TOKYO: Chipmaking equipment maker Kokusai Electric said on Thursday it plans to list on the Tokyo Stock Exchange on Oct. 25, setting the stage for what could be Japan’s largest initial public offering (IPO) in five years.

At Kokusai’s indicative price of 1,890 yen per share, the company will offer 111.2 billion yen ($749.88 million) worth of shares and have a market value of 435.5 billion yen.