Kioxia, the world’s second largest flash memory manufacturer, seeks to be listed as early as December
2020/10/06
The original Toshiba Storage announced its listing after losing four consecutive fiscal quarters last year, but the listing process was twists and turns. Kioxia, which was originally scheduled to go public on October 6, suddenly suspended its IPO a week ago. At this time, it was rumored to go public at the end of the year. According to the Nikkan Kogyo Shimbun, the world’s second-largest flash memory chip manufacturer, KIOXIA of Japan, will soon reapply for listing, seeking an IPO on the Tokyo Stock Exchange as early as December. In response, a Kioxia spokesperson stated that the company hopes to “consider the best time to go public.” Once successfully listed, Kioxia will create the largest IPO case in Japan this year. The company announced its listing plan in March as early as March, and will raise 347 billion yen (about 3.3 billion US dollars at the time) through an IPO. At the end of August, Kioxia further stated that it…