Bain-backed memory chipmaker Kioxia launches $3.6b IPO

Bain-backed memory chipmaker Kioxia launches $3.6b IPO

Kioxia Holdings, the world’s second-largest maker of flash memory chips, will list on the Tokyo Stock Exchange on Oct. 6 in an initial public offering worth up to $3.6 billion, a regulatory filing showed on Thursday.

The listing would be Japan’s biggest IPO this year and allow a partial exit by U.S. private equity firm Bain Capital, which led a consortium that bought the former unit of Toshiba Corp in 2018.

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