Kioxia Considers 10B US Listing
Japanese chipmaker Kioxia Holdings is considering raising at least 10 billion dollars through a United States listing of American depositary receipts. The company has consulted lenders regarding an offering that could happen next year to boost liquidity.
Insights:
Kioxia Holdings is considering raising at least $10 billion through a U.S. share listing next year, according to reports published on Monday morning. The Tokyo-based chipmaker is exploring American depositary receipts to deepen liquidity. The move follows recent share repurchases in Japan as Asian semiconductor firms target the United States investor base.
