Reported about 1 year ago
Japan's storage chip giant Kioxia, supported by Bain Capital, is said to be planning to submit a preliminary application for listing on the Tokyo Stock Exchange in the next few days, with the official application expected in August and the listing projected for the end of October, which could potentially be delayed until December. Sources revealed that Mitsubishi UFJ Morgan Stanley Securities and Nomura Securities are providing advisory services for the listing. Kioxia, formerly Toshiba Memory, faced financial difficulties in the past but was restructured with the support of Bain Capital and other technology companies, including SK Hynix, Apple, and Dell, and is now looking to go public. Despite facing losses in recent years due to market challenges, Kioxia is expected to return to profitability this year, driven by the recovery in the memory chip market demand and rising chip prices.
Source: YAHOO