Semiconductor memory giant Kioxia is finally going public, with planned capitalization of approximately 28 billion yen, and its market capitalization falling to less than half of what was initially expected
Bain-Backed Kioxia to Set Final IPO Price Monday for Tokyo Debut - Bloomberg
https://www.bloomberg.com/news/articles/2024-12-08/bain-backed-kioxia-to-set-final-ipo-price-monday-for-tokyo-debut
Japanese chipmaker Kioxia files for Tokyo's biggest IPO of the year
Japan's Memory Chip IPO Is No Home Run - WSJ
https://www.wsj.com/tech/japans-memory-chip-ipo-is-no-home-run-7b6ce817
Kioxia's IPO Is Not a Great Success - WSJ
https://jp.wsj.com/articles/japans-memory-chip-ipo-is-no-home-run-fafe260d
Semiconductor giant Kioxia to go public on 18th; AI-related business key to growth; market capitalization less than half of expected value - Sankei News
https://www.sankei.com/article/20241216-YZZ7ERZPARIJNBXPJCJ6KNNNZU/
Kioxia was originally a division of Toshiba that handled the NAND flash memory business, and was then spun off into an independent company. When it left the Toshiba Group, Pangea, a consortium led by Bain Capital, acquired all of the company's shares for 2 trillion yen.
The IPO size is 1,455 yen per share, the amount raised is expected to be 27.7 billion yen, and the market capitalization is expected to be approximately 784 billion yen.
Originally, Kioxia was scheduled to go public in 2020, but the plan was canceled due to the impact of the pandemic and the US-China trade friction. The market capitalization at that time was expected to be 2 trillion yen, the same as when Pangea acquired the shares.
The company also filed for an IPO again in August 2024, aiming for a valuation of $10 billion (approximately 1.4 trillion yen) in October 2024, but this plan has also been postponed.
Japanese semiconductor manufacturer Kioxia applies for listing on the Tokyo Stock Exchange, plans to list in October 2024 and raise more than $500 million at a valuation of more than $10 billion - GIGAZINE
by Masahiko OHKUBO
At the time of the IPO application in August 2024, news site Tom's Hardware harshly criticized the company, saying, 'It is cheaper than its competitors,' and 'Its market share lags behind Samsung and SK Hynix, and even if Kioxia were to merge with Western Digital's NAND business, it would only be comparable to SK Hynix.'
Related Posts:
in Note, Posted by logc_nt