Kioxia restarts IPO plan

Kioxia recently announced that they are preparing for an initial public offering (IPO) between 2024 and June 2025. Their goal is to list the stock on the Tokyo Stock Exchange and hope to achieve a valuation of 1 trillion yen (about 47 billion yuan). This decision was made after taking into account the slower recovery of the semiconductor market. In 2020, Kioxia first expressed its intention to conduct an IPO, but the plan was postponed indefinitely due to various factors. In addition, Kioxia also attempted to merge with Western Digital, but the cooperation was not successful. Now, with the development of artificial intelligence (AI) technology, the demand in the semiconductor market has increased sharply, which has provided new impetus for Kioxia to restart its IPO plan. Currently, Kioxia's equity structure is jointly owned by Bain Capital and Toshiba Corporation, holding approximately 56% and 41% of the shares, respectively.