Chip tool maker Kokusai Electric raises $724m in Japan's biggest IPO in 5 years

Chip tool maker Kokusai Electric raises $724m in Japan's biggest IPO in 5 years

The Tokyo Stock Exchange in Tokyo, Japan.

Chip equipment maker Kokusai Electric has raised $724.4 million after pricing its shares at the top end of their marketed range in Japan’s largest initial public offering in five years.