Exclusive-Kioxia market value set at $5 billion, Japan chipmaker to receive listing approval, sources say

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TOKYO : Bain-backed Kioxia will have a market value of about 750 billion yen ($4.84 billion) based on the indicative price for its initial public offering, with the chipmaker to receive listing approval from the Tokyo bourse on Friday, two sources said.

Shareholders including Bain will sell shares in the IPO, the sources said.

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

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Reuters Sources 2024 Tokyo Bain Market File Kioxia Japan Public Value

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 10:22:44 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 299 words

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Sentences: 16 lines

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News ID: 23727394

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