Kokusai Electric, a prominent chip equipment manufacturer, has achieved a remarkable feat with Japan's largest initial public offering (IPO) in five years, securing a substantial $724.4 million by pricing its shares at the upper end of the market range. The IPO price was set at 1,840 yen per share, placing the company's valuation at an impressive 423.9 billion yen ($2.8 billion). This financial endeavor was made possible under the ownership of U.S. private equity firm KKR (KKR.N). Sources with direct knowledge of the matter revealed that the portion of the IPO available to foreign investors received an overwhelming response, being...