Japanese Chip Giant Kioxia Plans US Listing to Raise at Least $10 Billion
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
Japanese memory chip maker Kioxia Holdings is considering listing American Depositary Receipts on a US stock exchange, targeting to raise at least 10 billion US dollars . The company is in talks with major investment banks including Bank of America, Goldman Sachs, and JPMorgan Chase, with a potential listing as early as next year . Kioxia's Tokyo-listed shares have surged nearly 400 percent this year, pushing its market capitalization to approximately 1.83 trillion US dollars . The move comes after the company conducted a massive share buyback in Japan and seeks better capital market liquidity .
Key Points
- Kioxia Holdings is considering a US listing via American Depositary Receipts to raise at least 10 billion US dollars
- The company is in discussions with Bank of America, Goldman Sachs, and JPMorgan Chase regarding the potential listing
- The Tokyo-listed company has seen its stock price jump nearly 400 percent year-to-date, reaching a market cap of about 1.83 trillion US dollars
- Kioxia recently announced a 1-for-3 stock split and an 800 billion yen share buyback program to expand its shareholder base
- South Korean rival SK Hynix successfully completed a 26.5 billion US dollar US IPO in July, setting a record for foreign listings
Why It Matters
Kioxia's potential US listing reflects the intense global competition among memory chip manufacturers to attract semiconductor-focused investment capital . The successful IPO of rival SK Hynix in July demonstrates strong institutional appetite for memory chip makers, which could provide Kioxia with favorable market conditions . For Hong Kong investors, this development highlights how major Asian technology firms are increasingly seeking US capital market access to fund next-generation chip development amid the AI boom.
Kioxia's potential US listing reflects the intense global competition among memory chip manufacturers to attract semiconductor-focused investment capital . The successful IPO of rival SK Hynix in July demonstrates strong institutional appetite for memory chip makers, which could provide Kioxia with favorable market conditions . For Hong Kong investors, this development highlights how major Asian technology firms are increasingly seeking US capital market access to fund next-generation chip development amid the AI boom.