Kioxia said to consider raising $10 billion in U.S. listing
Kioxia is planning the share sale at a time when concerns about the pace of artificial intelligence development are escalating.
Kioxia is considering raising at least $10 billion by listing American depositary receipts, people familiar with the matter said, potentially joining other artificial intelligence-related companies seeking to tap strong investor demand.Kioxia has been speaking with lenders including Bank of America, Goldman Sachs Group and JPMorgan Chase on an offering that may take place next year, the people said, asking not to be identified because the matter is private. The Tokyo-based memory-storage maker is seeking to gain more liquidity in the U.S. with the listing after it repurchased billions of dollars’ worth of shares in Japan, the people said.Selling ADRs may also allow Kioxia to join a semiconductor-focused stock index, they said. Considerations are preliminary, and details such as the size of the share sale and the bank lineup may change, the people said.
Source: Japan Times
Related stories
Brentford hold off Reading to reach round four of Carabao Cup
Brentford emerged from a tense finish against Reading to book their place in the Carabao Cup fourth round with a 2-1 victory at Select Car Leasing Stadium.
Woods seen back on the range for first time since car accident
Tiger Woods has shared footage of him hitting balls for the first time since his car accident in March.
Brook, Buttler go berserk again as England thrash Sri Lanka in first T20
Harry Brook and Jos Buttler went berserk in a T20 at Southampton for the second time this summer as England smoked 254-4 against Sri Lanka during a 119-run win in the series opener - their first game since Kevin Pietersen's appointment as white-ball mentor.
Webb: VAR had 'tunnel vision' on Haaland which led to Enzo error
Pro Ref chief Howard Webb says VAR missed Enzo Fernandez being offside for Erling Haaland's winning goal in the Manchester derby due to "tunnel vision".