Ang Kokusai Electric ay Nagtaas ng $724 Milyon sa IPO sa kabila ng Pagbawas ng Chip Demand
Tech Ang Kokusai Electric ay Nagtaas ng $724 Milyon sa IPO sa kabila ng Pagbawas ng Chip Demand 1 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Kokusais IPO appears promising and may become a reference point for new listings in the future. Chip equipment maker Kokusai Electric has raised $724.4 million after pricing its shares at 1,840 yen each in its IPO. Kokusai Electric spun out of Hitachi Kokusai Electric Inc. which KKR bought in 2017. The current share offerings put the companys valuation at 423.9 billion yen ($2.8 billion) – a 60% increase from the price KKR paid to acquire the group in 2017. Kokusai set its shares at the top end of its marketed range. Even if the shares sold at the bottom of the range, the Initial Public Offering (IPO) would still be larger than SoftBank Corp‘s listing in 2018. Consequently, Kokusai’s share offering makes it Japans largest in five years. According to Reuters, share allotment to foreign investors was oversubscribed by more than ten times. However, the overallotment option to domestic investors was not exercised. If it is, the IPO would raise about $833 million. Kokusai‘s largest customers are institutional investors, with Samsung Electronics, TSMC, and Micron Technology accounting for over 40 percent