TOKYO -- Clouds are gathering over flash memory maker Kioxia Holdings' plans for what is expected to be Japan's largest initial public offering this year as the coronavirus pandemic roils stock markets around the world.
A delay could prove particularly disruptive to Toshiba, which stands to make more than 1 trillion yen ($9.08 billion) in unrealized gains from the October IPO of its former chipmaking arm. A successful offering could boost Toshiba's own share price and help it recover from a spate of crises in recent years.
