Tekscend Photomask untraded with glut of buyers in Tokyo debut

About this update from Integral Corporation

Shares in Tekscend Photomask TSE:429A were untraded with a glut of buy orders in their Tokyo debut on Thursday. Tekscend Photomask raised 138.9 billion yen ($920 million) after pricing its initial public offering at 3,000 yen per share at the top of the range. Toppan Holdings TSE:7911 carved out the business three years ago with private equity firm Integral TSE:5842. Tekscend Photomask manufactures photomasks used in chipmaking. Tech stocks have been buoyant in Japan amid global enthusiasm for companies seen as benefiting from investment in artificial intelligence. ($1 = 150.9000 yen)

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