The Hilarious and Electrifying Tale of Kokusai Electric’s IPO!

Kokusai Electric Defies Decreased Chip Demand, Raises $724 Million in Successful IPO

Kokusai Electric’s IPO raises $724M despite chip demand dip.

Oh, have I got a shocking story for you, my fellow digital asset investors! Kokusai Electric, the chip equipment maker, just electrified the market by raising a whopping $724.4 million in their Initial Public Offering (IPO). And boy, did they set the world on fire!

Kokusai Electric, like a dazzling bolt of lightning splitting the sky, emerged as a spin-off from Hitachi Kokusai Electric Inc., which KKR acquired in 2017. Can you feel the sparks flying already? With their IPO, they’ve charged ahead and valued themselves at a staggering 423.9 billion yen ($2.8 billion), a staggering 60% increase from what KKR paid back in the day. Talk about a jolt of success!

Now, brace yourselves for the thrill of it all. Kokusai set their shares at the top end of their marketing range. If those shares had sold at the bottom, it would still have been larger than SoftBank Corp’s listing in 2018. I know, it’s like Kokusai decided to unleash the thunder and shake things up! As a result, they’ve become Japan’s largest offering in five years. Are you feeling the voltage yet?

But wait, there’s more! Reuters reported that foreign investors were clamoring for Kokusai shares like lightning bugs in the night. In fact, they were oversubscribed by more than ten times! Can you believe it? It’s like everyone suddenly realized they needed a piece of the electric pie. Oh, what a shocker it would have been if that overallotment option to domestic investors had come into play. We would have seen the IPO raise a mind-blowing $833 million! It’s like the genie of fortune grants one huge electrical wish.

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Now, let’s dive into the fascinating world of Kokusai Electric’s customers. These institutions, the mighty rulers of the digital realm, make up Kokusai’s largest fan club. Samsung Electronics, TSMC, and Micron Technology alone account for over 40% of Kokusai’s revenue. It’s like they’re the Three Musketeers of the tech world. All hail the kings of electricity!

But hold on to your hats, folks, because the story takes a twist. See, Kokusai’s IPO coincides with a bit of uncertainty in the chip industry. There are whispers among the tech gods about reduced chip demand, thanks to Taiwan Semiconductor Manufacturing Company (TSMC) asking suppliers to delay equipment delivery. It’s like a thunderstorm threatens the calm chip seas. But fear not! The investor army still marches on, undeterred by perceived clouds. Why? Well, because other companies in the same realm have witnessed an electrifying surge in their stocks, all thanks to the rise of artificial intelligence. Take Tokyo Electron, for example. Their shares have skyrocketed more than 60% this year. Boom! You feel that energy? Kokusai’s stock is also competitively priced, like a fiercely glowing star among the giants of the chip sky.

And here’s another exciting tidbit for you. The overall Japanese equity market is at its highest peak in three decades, shining a bright light on new listings. These newbies of 2023 have outperformed all their predecessors in the region, and Kokusai’s listing is primed to play a starring role. It’s like a magnificent fireworks display, capturing the attention and awe of investors. Prepare to be dazzled!

But the excitement doesn’t stop there. Kokusai Electric is getting some extra voltage from a new Japanese economic security law, which aims to boost the country’s chip sector. This law will grant them tax subsidies worth up to $2.8 billion! It’s like they found a hidden treasure chest buried deep in silicon valley.

So, my friends, mark your calendars because by October 25, Kokusai Electric’s stock will be officially listed on Tokyobourse’s Prime Market. Will their IPO be a reference point for future listings? Only time will tell, and I’ll be here to report every electrifying detail. Until then, let’s keep our fingers crossed and our wallets charged with anticipation. Let’s ride this lightning together!

Do you think Kokusai Electric’s IPO will give the tech industry a shocking boost? Or will it be a short circuit? Let me know your thoughts in the comments below! Stay electrified, my friends! ⚡️📈

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