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Kokusai Electric shares pop 32% on Tokyo debut - TL;DR CNBC

Kokusai Electric shares pop 32% on Tokyo debut

Publishing timestamp: 2023-10-25 01:27:05


Summary

Kokusai Electric, a Japanese semiconductor equipment maker, had a strong debut on the Tokyo Stock Exchange. However, there are concerns about its competitiveness compared to its rivals and potential downside pressure on the stock due to the private equity firm KKR potentially selling its shares after the lock-up period.


Sentiment: MIXED

Tickers: UNDEFINED6920.T-JP8035.T-JP9984.T-JPKKR

Keywords: kokusai electric corpbusiness newsipotokyo electron ltdbreaking news: technologylasertec corptechnologysoftbank group corptokyokkr & co incjapan

Source: https://www.cnbc.com/2023/10/25/japan-ipo-shares-of-kokusai-electric-up-more-than-30percent-in-tokyo-debut.html


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