Kioxia sets IPO price range of 1,390-1,520 yen per share, sources say

KIOXIA Holdings

02/12/2024 04:13

By Miho Uranaka and Sam Nussey
       TOKYO, Dec 2 (Reuters) - Bain Capital-backed chipmaker
Kioxia  285A.T  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, two people familiar with the matter said. 
    They spoke on condition of anonymity ahead of Kioxia's
regulatory filing expected on Monday. 
    The price range compares with an indicative price of 1,390
yen set in November and gives the Japanese maker of flash memory
chips a market value of around 749 billion yen to 819 billion
yen.
    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 Chang-Ran Kim)
 ((sam.nussey@tr.com))