Kokusai Electric raises $724.4 million

Chip equipment maker Kokusai Electric has raised $724.4 million by pricing its shares at the top end of a scaled-back marketing range in Japan's largest initial public offering in five years. KKR Group-owned Kokusai set its IPO at 1,840 yen per share, a filing showed on Monday, valuing the company at 423.9 billion yen. https://ift.tt/ZSYoJ2s