Japanese chipmaker Kioxia will be listed on the stock exchange next month in an initial public offering valuing the company at $4.8 billion, its filing to the Tokyo Stock Exchange said Friday.
Kioxia Holdings plans to raise more than $740 million in its initial public offering and list in Tokyo on Dec. 18, seeking growth capital to meet rising demand for chips used in artificial ...
A significant factor is the anticipated IPO of Kioxia, which is seen as a positive indicator for Western Digital. Kioxia’s market valuation provides a supportive backdrop for Western Digital’s stock, ...
Wells Fargo thinks news that Kioxia has achieved listing approval for a planned IPO at a $4.84B valuation range “could be considered a derivative positive” for Western Digital (WDC). The firm, which ...