Kioxia Considers $10 Billion US Stock Market Listing
· Business · Bloomberg, Reuters
Kioxia Holdings Corp. is exploring a US stock market listing that could raise at least $10 billion. The Japanese memory chip manufacturer is considering the move to capitalise on the growing demand for artificial intelligence-related hardware. The company is currently evaluating the issuance of American depositary receipts to attract international investors. The exact timeline for the potential listing has not been disclosed by the company.
Why it matters
A successful $10 billion listing would provide Kioxia with significant capital to scale its production of memory chips, which are essential components for the global artificial intelligence industry.
Read the original report — Bloomberg
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