TOKYO -- Japanese chipmaker Kioxia Holdings plans to leverage its mid-December initial public offering to quickly get on a growth track before rival SK Hynix has an opportunity to grab a larger role in the company's management.
According to the prospectus for the Dec. 18 listing released Friday, the IPO and secondary-offering prices will likely be set at 1,390 yen, for an estimated market capitalization of 750 billion yen ($4.85 billion). Kioxia will issue 21.56 million new shares, with plans to raise 27.7 billion yen after various expenses.
