Bain-backed Kioxia launches US$3.6bil IPO


TOKYO: Kioxia Holdings, the world’s second-largest maker of flash memory chips, will list on the Tokyo Stock Exchange on Oct 6 in an initial public offering (IPO) worth up to US$3.6bil, a regulatory filing showed.

The listing would be Japan’s biggest IPO this year and allow a partial exit by US private equity firm Bain Capital, which led a consortium that bought the former unit of Toshiba Corp in 2018.

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Kioxia Holdings , flash memory chips , IPO ,

   

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