KKR & Co., an American private equity firm, is set to launch Kokusai Electric Corp., a semiconductor equipment manufacturer, on the Tokyo Stock Exchange.
![Henry Kravis of KKR spearheads IPO of semiconductor equipment manufacturer, Kokusai Electric, amplifying investor optimism in Tokyo market. PHOTO: ALP/PInsights/Alamy](https://krugmaninsights.com/wp-content/uploads/2023/10/Henry-Kravis-KKR-1080x675-1-1024x640.webp)
This is the largest initial public offering in Japan since 2018. KKR acquired Kokusai from Hitachi Kokusai Electric Inc. in 2018 through a tender offer, aiming to enhance the performance of Japanese conglomerates.
Kokusai’s value has soared to ¥424 billion (USD $2.8 billion) from its purchase price of