Kioxia to Consider Raising $10 Billion in US Listing, Bloomberg News Reports
The preliminary plan could broaden Kioxia’s investor base and add U.S. liquidity after share buybacks in Japan, the report said.
- On Monday, Tokyo-based Kioxia Holdings began considering a U.S. listing of American Depositary Receipts to raise at least $10 billion, Bloomberg News reported.
- Currently, Kioxia ADS trade over-the-counter on OTC Markets' Pink Limited tier with limited disclosure, posing higher risks to investors; a Nasdaq listing would formally sponsor these shares and lower that risk.
- CFO Yoshihiko Kawamura called the Nasdaq entry a "highly meaningful project," with Kioxia speaking to Goldman Sachs and JPMorgan about an offering targeting the April-June 2027 period.
- Kioxia CEO Hiroo Ota rejected recent speculation regarding a partnership, telling The Japan Times, "Well then, let's make it three companies," while describing relations as strained.
- Driven by increased SSD demand from the technology boom, Kioxia share prices have surged around 900 percent since the start of 2026; consequently, the company is considering a share split in Japan.
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15 Articles
Japanese NAND flash manufacturer Kioxia is pursuing a listing on the U.S. American Depositary Receipt (ADR) to meet demand driven by the expansion of the artificial intelligence market. This appears to be a strategy to secure at least $10 billion in funding to expand next-generation NAND production facilities and strengthen competitiveness in the enterprise SSD market.
(Seoul = Yonhap News) Reporter Lee Seong-han = Japanese semiconductor company Kioxia is issuing American Depositary Receipts (ADRs) on the U.S. stock market to [raise] at least $10 billion (approximately 13.3 trillion won)...
Kioxia Is Said to Consider Raising $10 Billion in US Listing
Kioxia Holdings Corp. 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 considers raising $10 billion in US listing, Bloomberg News reports
Japanese chipmaker Kioxia Holdings is considering raising at least $10 billion by listing American depositary receipts, or ADRs, Bloomberg News reported on Monday, citing people familiar with the matter.
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