Sources: Tokyo-based memory maker Kioxia is considering raising $10B+ through a 2027 US ADR listing as it seeks liquidity after billions in share buybacks (Bloomberg)
Kioxia Holdings Corp. is considering raising at least $10 billion by listing American depositary receipts, people familiar with the matter said …
Kioxia, a Tokyo-based memory maker, is considering raising at least $10 billion through a US listing of American depositary receipts. According to people familiar with the matter, the company is seeking to gain more liquidity in the US after repurchasing billions of dollars' worth of shares in Japan.
The listing, which may take place in 2027, would allow Kioxia to join a semiconductor-focused stock index. The company has been speaking with lenders including Bank of America, Goldman Sachs Group, and JPMorgan Chase about the potential offering.
Kioxia said it is preparing to list American Depositary Shares on a US stock exchange to increase corporate value, but details such as the schedule and method have not been decided. The company added that it may also decide not to pursue the listing, depending on circumstances.
Brief written by urgent.news from Techmeme, Japan Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
