Bain-backed Kioxia to raise $646 million in IPO

Quick Summary:

TOKYO : Bain Capital-backed Kioxia is to raise 100 billion yen ($645.45 million) excluding overallotment in its initial public offering.

A Bain-led consortium acquired the chipmaker from scandal-hit conglomerate Toshiba for 2 trillion yen in 2018.

FILE PHOTO: Kioxia's logo is pictured on a building in Kitakami, Japan, Nov.05, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: 2024 Pictured Logo Photo: Experience Bain Mediacorp Kioxia Trillion File

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 15:09:37 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 136 words

Reading Time: 1 minutes read

Sentences: 9 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23759156

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