Published by Global Banking & Finance Review®
Posted on December 2, 2024
2 min readLast updated: January 28, 2026
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Kioxia, backed by Bain Capital, sets its IPO price range for a December debut on the Tokyo Stock Exchange, valuing the company at 749-819 billion yen.
By Miho Uranaka and Sam Nussey
TOKYO (Reuters) - Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, a filing showed on Monday.
The price range, which was first reported by Reuters, compares with an indicative price of 1,390 yen set in November and gives the Japanese chipmaker a market value of around 749 billion yen to 819 billion yen.
Bain scrapped plans for an IPO of Kioxia in October after investors sought a market value of around 800 billion yen compared to its target of 1.5 trillion yen, Reuters has reported.
The buyout firm postponed a previous IPO plan for Kioxia four years ago.
Bain's efforts to list the chipmaker are being closely watched as a test case for buyout firms in Japan, where more companies are selling non-core assets or going private.
Going public would offer Kioxia fundraising options in a capital intensive industry but increase scrutiny on the company's financials.
A Bain-led consortium acquired the chipmaker from scandal-hit conglomerate Toshiba for 2 trillion yen in 2018.
Kioxia is due to debut on the Tokyo Stock Exchange on Dec. 18.
($1 = 150.6800 yen)
(Reporting by Miho Uranaka and Sam Nussey; Editing by Stephen Coates and Christopher Cushing)
The main topic is Kioxia's upcoming IPO, backed by Bain Capital, and its implications for the finance sector.
Kioxia's IPO is significant as it tests the market for buyout firms in Japan and offers fundraising options in a capital-intensive industry.
Kioxia's IPO is scheduled for December 18 on the Tokyo Stock Exchange.
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