Overview

• The company priced its initial public offering at the top of the range at 3,000 yen per share, raising 138.9 billion yen, or about $920 million at $1 = ¥150.90.
• Shares opened around 20% above the offer price at 3,570 yen and finished the session at 3,380 yen, up nearly 13%, according to late-session Reuters reporting.
• Tekscend Photomask manufactures photomasks used to transfer circuit patterns onto semiconductor wafers.
• Toppan Holdings carved out the business three years ago with private equity firm Integral, and CNA reported pre-listing stakes of 50.1% for Toppan and 49.9% for Integral.
• The debut coincided with a broad advance in Japanese tech stocks, with the Nikkei 225 up 1.27% and notable gains in SoftBank Group and Tokyo Electron.