Kioxia eyes listing on Tokyo bourse in September after postponement


Kioxia Holdings Corp. is preparing to go public on the Tokyo Stock Exchange as early as September after heightened U.S.-China tensions led to the postponement of the Japanese chipmaker’s planned debut last year, sources familiar with the plan said.

The envisaged listing of Kioxia, formerly known as Toshiba Memory Holdings Corp., comes as robust demand for semiconductors is giving a boost to chipmakers and their share prices.

The firm is expected to submit an application to the Tokyo bourse this month to list its shares, likely on the first section, the sources said Wednesday.

Kioxia postponed its plan to go public last October after the United States under then President Donald Trump restricted exports to Huawei Technologies Co., a buyer of Kioxia chips.

Kioxia manufactures flash memory chips for personal computers and smartphones, and its debut, with an estimated market capitalization of ¥1.5 trillion ($14 billion) at the time, would have been one…

Read more…