Kioxia, a chipmaker backed by Bain Capital, sets IPO price range for Tokyo debut on Dec. 18.

Kioxia, a chipmaker backed by Bain Capital, has set a tentative IPO price range of 1,390 to 1,520 yen per share, or $9.22 to $10.09, for its Tokyo Stock Exchange debut on December 18. This valuation, between 749 billion and 819 billion yen, follows Bain's scrapped October IPO plans due to investor concerns. Kioxia, acquired from Toshiba by Bain in 2018 for 2 trillion yen, is seen as a key test case for buyout firms in Japan.

December 02, 2024
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