Kioxia Holdings, a NAND flash memory pioneer, plans to go public on the Tokyo Stock Exchange in October for refinancing and merger talks.
Kioxia Holdings, the NAND flash memory pioneer, plans to go public on the Tokyo Stock Exchange as early as October, seeking to capitalize on a surge in domestic chip-related shares. Kioxia's IPO aims to help refinance its $5.8 billion loan due in June and will allow it to revisit merger talks with Western Digital after the listing. Bain Capital, Kioxia's largest stakeholder, has also met with banks to discuss plans for the IPO.
April 16, 2024
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