"Kioxia took a significant hit on the stock market this week after an investment vehicle affiliated with Bain Capital put a large block of shares on the market. Bloomberg reported on the sale by Bain Capital. The sale, worth more than $2 billion, took place at a substantial discount and put pressure on the share price of the Japanese memory chip manufacturer. Investors reacted nervously to the signal that a major shareholder is willing to reduce part of its position."
"The share price drop came at a time when Kioxia was already under pressure due to disappointing quarterly figures. Kioxia is investing heavily in expanding its production capacity in Japan to improve its competitiveness. A new production line at the Kitakami factory was recently launched and is expected to deliver advanced chips starting next year. Expansion is also in full swing in Yokkaichi, with the aim of significantly increasing total production within a few years."
Kioxia’s share price fell sharply after a Bain Capital-affiliated vehicle sold a large block of shares for more than $2 billion at a substantial discount. Institutional records show BCPE Pangea Cayman LP transferred roughly 36 million shares to parties outside Japan at a price well below the previous close, though Bain Capital remains a major shareholder from the 2018 consortium. Valuation gains since the IPO were driven by optimism about memory chips for AI and heavy data-center investment boosting NAND flash demand. Kioxia reported disappointing quarterly results and is expanding Kitakami and Yokkaichi production to improve competitiveness ahead of an expected 2026 recovery.
Read at Techzine Global
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