Reported 17 days ago
Kioxia, a Japanese chipmaker backed by Bain Capital, has filed a registration statement for its initial public offering (IPO) with plans to launch between December 2024 and June 2025. This marks the first use of new rules enabling companies to gauge investor interest prior to obtaining Tokyo Stock Exchange listing approval. Despite recent market volatility and challenges in the memory chip sector, Kioxia aims to capitalize on the growth in chips for artificial intelligence and anticipates a significant operational turnaround.
Source: YAHOO