Kioxia
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About Kioxia
Industries
Hardware
AI & Machine Learning
Company Size
51-200
Company Stage
IPO
Headquarters
Tokyo, Japan
Founded
2017
Overview
Simplify's Take
What believers are saying
- Kioxia's IPO raised funds to boost AI-focused memory production.
- The expansion of 5G networks aligns with Kioxia's high-performance storage offerings.
- Increased cloud service adoption drives demand for Kioxia's scalable memory technologies.
What critics are saying
- Emerging Chinese manufacturers threaten Kioxia's market share and pricing power.
- U.S.-China trade tensions may disrupt Kioxia's supply chain.
- Volatile NAND flash prices could impact Kioxia's revenue stability.
What makes Kioxia unique
- Kioxia specializes in NAND flash technology, crucial for AI and machine learning.
- The company benefits from the growing trend of edge computing and storage solutions.
- Kioxia's advanced memory solutions cater to the automotive industry's evolving needs.
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Funding
Total Funding
$21245.5M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Remote Work Options
Flexible Work Hours
Company News
Japan's Kioxia Holdings went public on the Tokyo Stock Exchange, debuting at 1,440 yen, slightly below the IPO price, but later rising to 1,504 yen, 4% above the offering price. This IPO marks a new phase for Kioxia, which was separated from Toshiba in 2018 through an $18 billion acquisition led by Bain Capital, the largest private equity deal in Asia at the time. The partnership includes investors like Bain Capital and SK Hynix.
Japanese chip maker Kioxia, spun off from Toshiba in 2018 and acquired by a Bain Capital-led consortium for $13.3 billion, is finalizing its IPO plans after delays. The company aims to list on the Tokyo Stock Exchange on December 18, with shares priced between ¥1,390 and ¥1,520 ($9.2 - $10). Kioxia's market value is expected to be $4.85 billion to $5.3 billion, with Bain Capital selling a significant portion of its shares. Kioxia also plans to raise $180 million by issuing new shares.
Bain Capital-backed Kioxia's market value is seen around 750 billion yen ($4.85 billion) in its initial public offering, a regulatory filing showed on Friday. The IPO will have a deal value of about 100 billion yen ($645.45 million) excluding overallotment. Bain and Toshiba will sell shares in the IPO.
Kioxia, a major Japanese NAND Flash manufacturer, is set to IPO in mid-December with an estimated market value of ¥750 billion, significantly below the initial target of ¥1.5 trillion. The company expects to raise up to ¥99.1 billion through the IPO. Major shareholders Bain Capital and Toshiba plan to sell part of their stakes. The funds will be used to increase production of advanced memory for AI. Kioxia's NAND Flash prices rose 5% in the second quarter, marking the fifth consecutive quarterly increase.
Kioxia has initiated the process of listing on the stock market on August 23. This development comes after Bain Capital, a U.S. private equity fund holding mor
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About Kioxia
Industries
Hardware
AI & Machine Learning
Company Size
51-200
Company Stage
IPO
Headquarters
Tokyo, Japan
Founded
2017
Kioxia is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today