US Listing Could Boost Kioxia AI Profile
Kioxia plans to list American depositary shares in the United States to expand its investor base and improve market liquidity. Voya portfolio manager Sebastian Thomas notes that a US listing could draw significant global attention to the Japanese chipmaker.
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KIOXIA HOLDINGS CORP plans to list shares in the United States, a move that could draw global investment interest into the chipmaker. The company's stock has surged 456% this year, leading gains on the Japan benchmark Nikkei 225 index. Voya's AI-focused fund manages $14 billion, including $5 billion in Japanese allocations.
