Japan chipmaker Kioxia sets IPO price for $5.2bn market value

Top stakeholder Bain reduces share offerings in Dec. 18 listing

20241209N Kioxia

Top shareholder Bain Capital will retain more of its Kioxia shares than previously expected. (Photo by Koji Uema)

RYO MUKANO, Nikkei staff writer

TOKYO -- Kioxia Holdings has set its initial public offering price at 1,455 yen, the Japanese chipmaker said on Monday, giving it a market capitalization of around 780 billion yen ($5.2 billion).

The figure was set in the middle of the provisional range based on investor demand. After an offering period for general investors from Tuesday through Friday, Kioxia will list on the Tokyo Stock Exchange Prime market on Dec. 18.

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