Kioxia Holdings plans to debut on the Tokyo Stock Exchange between this December and June next year in a bid to narrow the yawning gap with memory leader Samsung Electronics.
The NAND flash memory maker plans to use a new method for listing in Japan that would fast-track its oft-delayed initial public offering. Both the price and size of the stake to be floated were undecided, according to a filing Friday.
The stock offering would represent what may be Kioxia’s last chance to remain competitive. A successful debut would give it money to ramp up capacity and help it capitalize on a recovery in chip prices.
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