Private equity firm Bain Capital-backed Kioxia is being valued at about 750B yen (around $4.85B) in its proposed Japanese IPO, Reuters reported. Kioxia, which is among the world's largest makers of NAND flash memory,

Bain Capital-backed Kioxia Holdings Corp. is setting its indicative IPO price at ¥1,390 per share, the latest attempt to capitalize on Japan’s stock market renewal.

Bain-backed Kioxia will have a market value of about 750 billion yen ($4.84 billion) based on the indicative price for its initial public offering, with the chipmaker to receive listing approval from the Tokyo bourse on Friday,

According to the prospectus released Friday, the IPO and secondary-offering prices will likely be set at 1,390 yen, for an estimated market capitalization of 750 billion yen ($4.85 billion). Kioxia will issue 21.56 million new shares, with plans to raise 27.7 billion yen after various expenses.

Kioxia had been expected to go public in October, emboldened by soaring demand for AI technology, but it delayed its plan following tech share routs. Its IPO, priced at 1,390 yen ($9) per share, will now take place on December 18,

Kioxia will  get listing approval from the Tokyo stock exchange tomorrow at a valuation of $4.84 billion, reports Reuters. The price for Kioxia has been

Japanese chipmaker Kioxia Holdings will list on the Tokyo Stock Exchange in mid-December after a series of postponements, Nikkei has learned. The company is expected to receive listing approval from the bourse on Friday.