Japan's Kioxia prices IPO in middle of range, raising $800 mln (updated)

KIOXIA Holdings

09/12/2024 06:57

(Adds details from filing)
       TOKYO, Dec 9 (Reuters) - Bain Capital-backed chipmaker
Kioxia's  285A.T  initial public offering has raised 120 billion
yen ($800 million) including an overallotment after shares were
priced in the middle of their marketed range, according to a
securities filing on Monday. 
        Kioxia, a major manufacturer of memory chips, set its
IPO price at 1,455 yen per share, the filing said. This values
the company at 784 billion yen. 
    Kioxia had set a tentative price range of 1,390 to 1,520 yen
per share. 
        Bain Capital and Toshiba will sell shares as part of the
IPO and Kioxia will separately issue new shares, raising 31
billion yen, according to the filing. 
($1 = 150.0500 yen)

 (Reporting by Sam Nussey and Anton Bridge; Editing by Jamie
Freed)
 ((sam.nussey@tr.com;))