Japanese fabless SoC design company Socionext closes up 15.07% in its IPO debut, valuing it at ~$960M, in Tokyo's biggest offering so far in 2022 (Sam Byford/Reuters)

Sam Byford / Reuters:
Japanese fabless SoC design company Socionext closes up 15.07% in its IPO debut, valuing it at ~$960M, in Tokyo's biggest offering so far in 2022  —  Making its market debut on Wednesday, Japan's Socionext Inc (6526.T) bucked softening sentiment toward chips by surging 15% in Tokyo's biggest initial public offering of the year so far.