Reported about 1 year ago
Bain Capital-backed chipmaker Kioxia, previously known as Toshiba's memory unit, plans to file a preliminary application for listing on the Tokyo Stock Exchange soon, with a full application expected in August and listing by October or possibly December. The IPO aims to raise capital through new shares, with Bain Capital planning to sell shares. Mitsubishi UFJ Morgan Stanley Securities and Nomura Securities are advising on the listing. Kioxia postponed its IPO in 2020 due to global chip market uncertainties but hopes to benefit from improving conditions now, with operating losses narrowing despite the pandemic impact. The chipmaker also recently secured loans to strengthen its financial position.
Source: YAHOO