(Photo = Kioxia homepage)

[Alpha Biz= Reporter Kim Minyoung] Kioxia, a Japanese NAND flash memory producer, announced that it will be listed on the Tokyo Stock Exchange in 2024. As demand for memory semiconductors is on the rise due to the artificial intelligence (AI) craze, the company said it will prepare for active investment by raising funds in the market, and will continue to consider merging with Western Digital.

According to Nikkei on the 16th, Bain Capital, a major shareholder of Kioxia, announced its plan to push for an initial public offering (IPO) to Kioxia's trading bank on the 15th. With the issuance of the new shares, Bain is expected to sell some of his shares.

Kioxia is the world's third-largest company in NAND flash memory for data storage and was approved for listing on the Tokyo Stock Exchange in 2020, but gave up its listing at the last minute due to the U.S.-China trade war and the economic slowdown. At that time, the market estimated the market capitalization of Kioxya at over 2 trillion yen (about 18.8 trillion won). This time, too, if there is a change in the external environment, there is a possibility that the listing process will be suspended.

 

 

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