Kioxia is Adjusting to Postpone the Initial Public Offering
It has been revealed that semiconductor memory giant Kioxia Holdings is adjusting to postpone the initial public offering (IPO) to the Tokyo Stock Exchange scheduled for October 6. Several sources revealed on the 27th. There is growing concern that business performance will deteriorate due to the tightening of trading restrictions on Huawei by the United States…
Kioxia Holdings (formerly Toshiba Memory Holdings), a major semiconductor memory company, has adjusted to postpone the initial public offering (IPO) to the Tokyo Stock Exchange scheduled for October 6th. It turned out that. Several sources revealed on the 27th.
There is growing concern that the US’s tightening of trading restrictions on China’s largest telecommunications equipment company Huawei [HWT.UL] will worsen its business performance, so the timing of listing will be carefully determined. It will be announced on the 28th. Kioxia commented, “It is not our announcement and there is no decision.”
Kioxia announced on the 17th that in the IPO disclosure material, the Trump administration introduced a new export ban on Huawei on the 15th, and all or large sales transactions of its group products to Huawei He said it was very likely that the part would fall under regulation.
Kioxia was established in 2017 after Toshiba 6502.T, which had a huge loss in the US nuclear power plant business, spun off its semiconductor business. In 2018, it was sold to a corporate alliance such as Bain Capital for about 2 trillion yen, and Toshiba had reinvested it.
Kioxia is Adjusting to Postpone the Initial Public Offering - /10