Kioxia plans to submit a preliminary application for listing on the Tokyo Stock Exchange in the near future

Japanese memory chip maker Kioxia plans to submit a preliminary application for listing on the Tokyo Stock Exchange in the next few days with the support of Bain Capital. It is expected to be listed at the end of October, but it may be delayed until December. Kioxia's predecessor was Toshiba Semiconductor, which was split and sold due to debt problems of its parent company. Kioxia was originally scheduled to go public in 2020, but it was postponed due to Sino-US trade tensions and the new crown epidemic. Currently, Kioxia is facing the challenges brought by the decline in demand and falling prices in the memory chip market.