Kokusai Electric shares jump 28% in Tokyo market debut

Kokusai Electric shares jump 28% in Tokyo market debut

FILE PHOTO: A sign of Kokusai Electric is pictured in Tokyo, Japan, September 7, 2023. REUTERS/Miho Uranaka/File Photo

Kokusai Electric shares jumped 28% in their Tokyo market debut on Wednesday after private equity firm KKR sold shares in the chip equipment maker for $724 million in Japan’s largest initial public offering (IPO) in five years.

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