KIOXIA makes preliminary application to Tokyo Stock Exchange soon to solidify listing policy at the end of October = stakeholders

6/26/2024 5:35 PM GMT+9

KIOXIA Holdings, a major semiconductor memory company, has recently made a preliminary application for listing on the Tokyo Stock Exchange and has solidified a policy aiming for an initial public offering (IPO) at the end of October. The possibility of listing was examined in order to raise funds, but performance rapidly improved due to a recovery in semiconductor market conditions, and it was determined that it was feasible. Two people involved who are familiar with the situation made it clear.
According to the people involved, KIOXIA will make a formal application at the end of August and aims to be listed at the end of October. Preparations are proceeding at a faster pace than a normal IPO in order to meet the due date, and there is a possibility that it will slip to December depending on progress. Mitsubishi UFJ Morgan Stanley Securities and Nomura Securities are supporting the listing on the Tokyo Stock Exchange.