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According to The Japan Times, the 108 billion yen ($720 million) public sale was the largest since SoftBank's debut in December 2018, when 2.4 trillion yen worth of shares were sold.
Each note in the IPO was priced at 1,84 thousand yen. The US investment firm KKR, which paid $2.2 billion to Hitachi for Kokusai in 2017, sold roughly 58.8 million shares. When it went public, it had a capitalization of roughly 424 billion yen.
Quotes for Kokusai securities increased by 15% from the IPO price to 2,116 thousand yen per unit at the start of trading on Wednesday. They increased by 32% throughout the day to 2,431 thousand yen, and they ended at 2,35 thousand yen.
Among others, Kokusai provides US Intel with equipment.
source: japantimes.co.jp
Each note in the IPO was priced at 1,84 thousand yen. The US investment firm KKR, which paid $2.2 billion to Hitachi for Kokusai in 2017, sold roughly 58.8 million shares. When it went public, it had a capitalization of roughly 424 billion yen.
Quotes for Kokusai securities increased by 15% from the IPO price to 2,116 thousand yen per unit at the start of trading on Wednesday. They increased by 32% throughout the day to 2,431 thousand yen, and they ended at 2,35 thousand yen.
Among others, Kokusai provides US Intel with equipment.
source: japantimes.co.jp
