Japanese memory maker Kioxia Holdings Corp. has set a tentative price range for its initial public offering that’s in line with its earlier indication.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto,

Japanese NAND manufacturer Kioxia has secured approval for its initial public offering (IPO) on the Tokyo Stock Exchange, scheduled for 18. South Korean SK Hynix may acquire shares in Kioxia, potentially transforming the memory industry landscape,

This morning, Kioxia set a valuation target of $4.9 billion to $5.5 billion for its upcoming IPO. In October, it had been hoped to complete an IPO at a

Kioxia had been expected to go public in October, emboldened by soaring demand for AI technology, but it delayed its plan following tech share routs. Its IPO, priced at 1,390 yen ($9) per share, will now take place on December 18,

Bain Capital-backed Kioxia Holdings Corp. is setting its indicative IPO price at ¥1,390 per share, the latest attempt to capitalize on Japan’s stock market renewal.

According to the prospectus released Friday, the IPO and secondary-offering prices will likely be set at 1,390 yen, for an estimated market capitalization of 750 billion yen ($4.85 billion). Kioxia will issue 21.56 million new shares, with plans to raise 27.7 billion yen after various expenses.

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,

Chipmaker Kioxia, backed by Bain Capital, has established a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its upcoming initial public offering, according to two individuals with knowledge of the matter.