Former Toshiba Memory "Kioxia" Listed in October this year 17:37 on August 27
"Kioxia Holdings", whose company name was changed from "Toshiba Memory Holdings", was sold to an American investment fund as a pillar of Toshiba's management restructuring measures. It will be listed.
Former Toshiba Memory was sold as a pillar of Toshiba's management restructuring plan, which recorded a huge loss in the US nuclear business, to Otoshito, the US investment fund, "Bain Capital," and the "Japan-US-Korea Union". The company name was changed to "Kioxia".
The company had been screened to list its shares on the Tokyo Stock Exchange, but TSE announced on the 27th that it had been approved for listing. The scheduled listing date is October 6th, and Bain Capital, the largest shareholder with a 49.9% stake, will phase out the shares it holds.
On the other hand, KIOXIA intends to strengthen its competitiveness by making it possible to procure funds from the stock market by listing and making necessary capital investment for its main memory semiconductors in the future.
The company expects the market capitalization of the stock to be around 2 trillion yen, which is expected to be the largest new listing on the Tokyo Stock Exchange.