Major Japanese Chip Material Supplier Aims To Raise $3B In Japan’s Biggest IPO Since 2018 – NVIDIA (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO)

JX Advanced Metals, a subsidiary of oil titan Eneos, is planning to raise an estimated ¥460 billion ($3 billion) through an initial public offering (IPO). This IPO is anticipated to be the largest in Japan since 2018.

What Happened: The firm has proposed a tentative price of ¥862 ($5.65) per share, as per a submission to the Finance Ministry. The final price will be determined on March 10, with JX Advanced Metals slated for its Tokyo Stock Exchange listing on March 19, reported The…