Reports indicate that Kioxia's IPO, initially scheduled for October, has been postponed to November or later.

Reports suggest that Kioxia's IPO, initially scheduled for October, has been postponed to November or later. The delay is primarily due to the recent downturn in the performance of global semiconductor stocks, which has led to a significant drop in stock prices. As a result, Kioxia believes that its market valuation at the time of listing will not meet the targeted ¥1.5 trillion.

The majority of Kioxia's shares are held by an investor group led by the private equity firm Bain Capital, which is looking to sell some of its shares in the IPO to raise funds, naturally aiming for the highest valuation possible. Currently, the investor group led by Bain Capital holds approximately 56% of Kioxia's shares, while Toshiba holds about 41%. After Kioxia goes public, both Bain Capital and Toshiba plan to gradually reduce their shareholdings.

The news also indicates that Kioxia is still committed to its IPO plans, targeting a listing after November. Japanese media reported that a Kioxia spokesperson stated, "We are continuing our preparations with the goal of going public at the right time."