FILE PHOTO: Kioxia's logo is pictured on a building in Kitakami, Japan, Nov. 05, 2024. REUTERS/Sam Nussey/File Photo
TOKYO (Reuters) - Bain-backed Kioxia will have a market value of about 750 billion yen ($4.84 billion) based on the indicative price for its initial public offering, with the chipmaker to receive listing approval from the Tokyo bourse on Friday, two sources said.
The market value, which Reuters is reporting for the first time, could change depending on the final price in the IPO.
