Kioxia is postponing its IPO originally planned for October to December, citing incorrect valuation estimates from investors as a key factor in the delay.
The chipmaker intends to assess market interest using new rules that allow for better testing before finally debuting on the Tokyo Stock Exchange.
Despite a previously favorable stock market climate, investor interest in AI is waning, causing potential dips in share prices for companies involved in chip production.
Bain Capital remains a driving force behind Kioxia's IPO plans, aiming to secure fresh capital to offset costs from their acquisition of Toshiba's memory division.
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