KKR-owned Kokusai Electric eyes Tokyo IPO in October

Japanese chip device maker's valuation projected to top $2.7bn

20230905N Kokusai

The Kokusai Electric listing is expected to be the largest initial public offering on the TSE since the debut of wireless carrier SoftBank Corp. in 2018. (Photo by Nikkei)

Nikkei staff writers

TOKYO -- Japan's Kokusai Electric, a manufacturer of chipmaking devices, will list on the Tokyo Stock Exchange as soon as October, Nikkei has learned, in what would be the biggest offering for the market in five years.

Kokusai Electric primarily sells machines that deposit film on wafers. U.S. private equity firm KKR bought the former Hitachi subsidiary, then spun off the chip equipment business in 2018. The TSE is expected to approve the listing soon.

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