Chip maker Kioxia to raise $3.6bn in Japan IPO

The Daily Telegraph - Business - - Business -

Mem­ory chip maker Kioxia Hold­ings, spun out of Toshiba two years ago, is set to raise up to $3.6bn (£2.7bn) in Japan’s big­gest float this year. The com­pany, whose name is a play on the Ja­panese word for mem­ory and the Greek one for value, was sold in 2018 to a group led by pri­vate eq­uity firm Bain Cap­i­tal. It plans to fi­nalise pric­ing in Septem­ber be­fore an Oct 6 list­ing.

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