The IPO of Japanese Kioxia launched on December 18, 2024, achieving a valuation of approximately 5.8 billion dollars with shares trading initially at 1,455 yen.
After a recalculation of enterprise value by Bain Capital, Kioxia’s IPO targeted a valuation of 784 billion yen, a substantial reduction from the earlier estimate of 1.5 trillion yen.
Bain Capital acquired Kioxia from Toshiba in 2018, hoping to publicly list the memory chip producer as Japan's tech group faced financial scandals.
The IPO was long awaited, having faced setbacks including a prior miscalculation of Kioxia's market value that led to the postponement of the IPO.
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