bullish
Kokusai Electric (6525 JP) IPO - Index Demand On The Follow
1.4k Views25 Sep 2023 21:30
Japanese SPE mfr Kokusai Electric (6525 JP) has received approval for a late October IPO, making it the largest IPO in Japan since pre-COVID, despite the current market cycle. Expect high demand.
Boomeranged on Tue, 24 Oct 2023 21:28
I still like this IPO. I liked it when the IPO was "set" with an indicative price at ¥1890 on 21 Sep. Since then, TEL is -2.5%, Advantest is +5%, ASML is +3% in yen terms, AMAT +2%, but Kokusai Electric's IPO priced 2.6% lower, and allocations were tight. There is a fair bit to buy for TOPIX at end-November. Then more from index funds early next year. I expect it to perform well.
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