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Kokusai Electric IPO: The listing was set to be worth at least 108 billion yen (USD 721 million), with its parent US investor KKR selling 58.8 million of the firm s shares for the initial offering price of 1,840 yen each. ....
TOKYO (Reuters) -Chip equipment maker Kokusai Electric has raised $724.4 million after pricing its shares at the top end of their marketed range in Japan's largest initial public offering in five years. Kokusai, owned by U.S. private equity firm KKR, set its IPO price at 1,840 yen per share, according to a filing on Monday, valuing the company at 423.9 billion yen ($2.8 billion). The portion of the IPO available to foreign investors was more than 10 times oversubscribed, said two sources with di ....