On November 21, Reuters reported that with the support of Bain Capital, Kioxia will obtain approval for listing on the Tokyo Stock Exchange on Friday (November 22) local time.
Based on its IPO indicative price, Kioxia's market value is expected to reach approximately 750 billion yen (currently approximately 34.963 billion yuan). Of course, the specific market value will change depending on the final price of the IPO.
However, according to the statement submitted by Kioxia to the Financial Services Agency of Japan, its target market value exceeds 1 trillion yen (currently approximately 46.618 billion yuan).
According to various previous public reports, Kioxia originally planned to list on the Tokyo Stock Exchange in October 2021, but the listing was postponed due to uncertainties in the memory chip market; later it planned to go public in October this year, but gave up due to differences between major shareholder Bain Capital and external investors.
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