Reported about 21 hours ago
Kioxia Holdings Corp. is set to launch its initial public offering (IPO) on the Tokyo Stock Exchange in mid-December, aiming for a valuation of approximately ¥750 billion ($4.8 billion). Backed by Bain Capital, this long-awaited IPO seeks to provide Kioxia with the necessary capital to expand amidst increasing competition in the memory market, particularly against sector leader Samsung Electronics. Despite past setbacks and operating losses, a successful debut could help Kioxia strengthen its position as the world's third-largest NAND maker.
Source: YAHOO