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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsTOKYO -Japanese chip equipment maker Kokusai Electric on Tuesday trimmed the indicative pricing for its $730 million initial public offering by about 3%, which a source said partly reflected chip designer Arm's lacklustre performance.
Kokusai said the lower range reflected the view of institutional investors and the state of the stock market. If its IPO prices at the top of the range, Kokusai, which manufactures machines that deposit thin films on silicon wafers, will offer 108.3 billion yen worth of shares and have a market valuation of 423.9 billion yen, excluding an overallotment.
Kokusai's largest customers are Samsung Electronics, TSMC and Micron Technology, collectively accounting for more than 40% of its revenue.
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