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KKR Chip Play to win big in Japan

KKR Chip Play to win big in Japan


Private equity giant KKR won in Japan, and with a token price rebound likely imminent, their timing seems impeccable. Investors should consider joining the journey.

Semiconductor equipment maker Kokusai Electric will begin trading in Tokyo on Wednesday after raising about $720 million in an IPO last week. This makes this transaction the largest IPO in Japan in almost five years, according to Dealogic. KKR owned the company, which was formerly controlled by Hitachi– since going private in 2018. Kokusai is valued at $2.8 billion at its IPO price, which could net KKR a return of more than 60% in Japanese yen, excluding leverage. Kokusai sold its video and communications systems businesses following the takeover of KKR.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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