According to Reuters, Japanese semiconductor mask maker Tekscend Photomask aims to compete for a valuation of about 30 billion Japanese dollars (about 2 billion US dollars) in its initial public offering. Tekscend Photomask belongs to Toppan Holding...
According to Reuters, Japanese semiconductor mask maker Tekscend Photomask aims to compete for a valuation of about 30 billion Japanese dollars (about 2 billion US dollars) in its initial public offering. Tekscend Photomask belongs to Toppan Holdings and will be approved for listing on the Tokyo Stock Exchange as early as late September, people familiar with the matter said.
Three years ago, Toppan Holdings and private equity firm Integral split the mask business, with the two companies holding 50.1% and 49.9% of the company's shares respectively. This IPO will include the sale of new and old shares, with Integral selling some of its holdings.
Tekscend Photomask The photomask produced is mainly used to transfer circuit diagrams to semiconductor crystals. The company said it is currently preparing an IPO plan with Toppan Holdings, but the specific schedule of the latter has not yet been decided.
According to data from the London Stock Exchange Group (LSEG), Japan's IPO number so far this year has hit a new low in 2014, but the total amount was boosted by JX Advanced Metals' listing in March, the largest IPO since its listing in 2019.
Sources revealed that US Bank, Nomura Securities, SMBC Japanese Securities and Morgan Stanley MUFG Securities will serve as the lead bearers of Tekscend Photomask IPO.
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