Japan's chipmaker Kioxia to be listed by June with new IPO method

Former Toshiba company expects capitalization of over $6.5bn

20241108 Kioxia

The world's third-largest manufacturer of NAND flash memory used for data storage, Kioxia became independent from Japanese conglomerate Toshiba in 2018. (Photo by Kohnosuke Urata)

KOTARO HOSOKAWA and KENTARO TSUTSUMI, Nikkei staff writers

TOKYO -- Japanese chipmaker Kioxia Holdings aims to list on the Tokyo Stock Exchange between December and June 2025, utilizing a new initial public offering process that became available recently in the country, Nikkei has learned.

In the new IPO process, the company submits a securities registration statement to the Financial Services Agency before the bourse approves the listing, enabling dialogue with investors ahead of the approval. This will shorten the time from approval to public listing and make it less susceptible to fluctuations in the stock market.

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