Bain proposes IPO for Japanese chipmaker Kioxia to refinance $5.8b loan

Bain proposes IPO for Japanese chipmaker Kioxia to refinance $5.8b loan

FILE PHOTO: Japanese chipmaker Kioxia's logo is displayed at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon/File Photo

Bain Capital has proposed an initial public offering (IPO) of Japan’s Kioxia Holdings as part of a plan to allow the money-losing chipmaker to refinance a $5.8 billion loan coming due in June, according to a person familiar with the matter.

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