Kokusai Electric trims indicative IPO pricing about 3%
TOKYO -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.) Group's Arm since its listing last month was one of the factors behind the move, said a source familiar with the matter, who declined to be named because the information was not public.
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