KKR-owned Kokusai Electric targets $749m Tokyo IPO
KKR is eyeing a partial exit from Kokusai Electric after the Japan-based semiconductor industry supplier announced plans to raise JPY 111.2bn (USD 749m) through a Tokyo IPO.
The company will sell approximately 58.8m shares for JPY 1,890 apiece, which would translate into a market capitalisation of JPY 435.5bn, according to a filing. Should the listing proceed at the stated...
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