Kioxia Files for Japan's Biggest IPO in 2024

Friday, 23 August 2024, 09:25

Kioxia's IPO application marks a significant moment for Japan's financial landscape. This offering is expected to raise at least $500 million while potentially achieving a market valuation of over $10 billion. With current market fervor surrounding semiconductors and AI, this could reshape investor sentiment.
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Kioxia Files for Japan's Biggest IPO in 2024

Kioxia as a Market Game-Changer

Kioxia, the Japanese chipmaker taken private by Bain Capital in 2018 in an $18bn buyout, has applied to list on the Tokyo Stock Exchange in what brokers said was likely to be Japan’s biggest initial public offering this year.

Market Impact and Valuation

A person close to Kioxia—the former Nand flash memory business of Toshiba—said a listing would seek to raise at least $500mn and exploit the market buzz around semiconductor and artificial intelligence-related stocks.

  • Kioxia is the world’s third-largest maker of flash memory products, aiming for a listing as soon as October.
  • A successful IPO could command a market valuation of more than $10bn, surpassing projected figures for Tokyo Metro.

Timing and Market Conditions

Plans to list Kioxia were delayed due to the pandemic and trade tensions between the U.S. and China. Nonetheless, upcoming market conditions seem favorable, as Japan’s stock market has shown resilience.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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