By Miho Uranaka and Sam Nussey

TOKYO (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, two sources familiar with the matter said.

The company, which is part of Toppan Holdings, could receive listing approval from the Tokyo Stock Exchange as soon as late September, according to the sources, who declined to be named as the information is not public.

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, the sources said. Integral will sell shares it holds in the IPO, one of the sources said.

Toppan and Tekscend Photomask are currently prepari

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