Bain-Backed Kioxia Prices $800M IPO at 1,455 Yen Per Share

Dec 9, 2024, 07:57 AM

Kioxia Holdings Corp., a major Japanese memory chip maker backed by Bain Capital, has set the price for its initial public offering (IPO) at 1,455 yen ($9.71) per share, within the tentative price range of 1,390 to 1,520 yen. The IPO, announced on Monday, is expected to raise approximately $800 million, valuing the company at around 7,840 billion yen ($5.5 billion). Bain Capital has decided to reduce its sell-down in the offering, marking one of the year's largest IPOs in Japan.