Kioxia files IPO registration statement; targeting December, sources say
TOKYO -Bain Capital-backed Kioxia filed a registration statement on Friday which will allow the Japanese chipmaker to sound out investors for an initial public offering.The chipmaker is targeting December, two people familiar with the matter said.
Kioxia is the first company to use new rules that allow firms to test investor appetite before seeking listing approval from the Tokyo Stock Exchange. Kioxia is readying capacity expansion on the back of the boom in chips for artificial intelligence applications.
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