TOKYO -- Japanese chipmaker Kioxia Holdings will list on the Tokyo Stock Exchange in mid-December after a series of postponements, Nikkei has learned. The company is expected to receive listing approval from the bourse on Friday. Market capitalization at its debut is estimated at 750 billion yen ($4.8 billion), compared to the initial target of more than 1.5 trillion yen.
Kioxia will raise 99.1 billion yen from the market at maximum. U.S. investment fund Bain Capital and Japanese conglomerate Toshiba -- both major shareholders of Kioxia -- will likely sell their stakes.
