Tekscend Shares Rise 13% From IPO Price in Tokyo Trading Debut

Tekscend Photomask Corp. shares gained 13% in their debut on the Tokyo Stock Exchange Thursday after the maker of semiconductor material concluded a $1 billion initial public offering last week.

The stock opened at ¥3,570 before paring gains and closing at ¥3,380. In the offering, the shares were sold at ¥3,000 apiece in a ¥156.6 billion ($1 billion) deal, including an overallotment. The sale attracted global investors such as Qatar Investment Authority and trails only JX Advanced Metals Corp.’s IPO in terms of scale in the country in 2025.

The well-priced share sale contributed to the solid performance, according ...