AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Tekscend Photomask Aims for $2 Billion Valuation in Tokyo IPO
ByAinvest
Monday, Aug 25, 2025 10:26 pm ET1min read
Tekscend Photomask, a Japanese photomask manufacturer, aims for a $2 billion valuation in its upcoming IPO. The company, part of Toppan Holdings, could receive listing approval from the Tokyo Stock Exchange by late September. The IPO will include the sale of both new and existing shares, with private equity firm Integral selling its stake. Bank of America, Nomura, and Morgan Stanley MUFG Securities are lead underwriters.
Tokyo, Aug 26 (Reuters) - Tekscend Photomask, a Japanese manufacturer of photomasks for chipmaking, is aiming for a valuation of 300 billion yen ($2 billion) in its initial public offering (IPO), according to two sources familiar with the matter. The company, which is part of Toppan Holdings, could receive listing approval from the Tokyo Stock Exchange as soon as late September.Toppan carved out the manufacturer three years ago with private equity firm Integral taking a stake in the company. The IPO will include the sale of both new and existing shares, with Integral selling its stake in the process. Integral did not immediately respond to a request for comment.
Tekscend Photomask follows chipmaker Kioxia in taking advantage of rules that allow companies to communicate with potential investors in the IPO before receiving listing approval from the Tokyo bourse. The company manufactures photomasks, which are used to transfer patterns onto semiconductor wafers. Toppan has a 50.1% stake in the business, with Integral holding the remaining 49.9%.
Bank of America, Nomura, SMBC Nikko, and Morgan Stanley MUFG Securities are lead underwriters on the IPO. These financial institutions declined to comment on the matter.
The specific schedule for the IPO has not been decided, as both Toppan and Tekscend Photomask are currently preparing for the listing.
($1 = 147.3600 yen)
References:
[1] https://www.reuters.com/markets/europe/tekscend-photomask-targets-2-billion-valuation-tokyo-ipo-sources-say-2025-08-26/
[2] https://finance.yahoo.com/news/exclusive-tekscend-photomask-targets-2-022328813.html
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet