Kioxia Plans to List as Early as October as Merger Talks Stall

Kioxia Holdings Corp. plans to go public on the Tokyo Stock Exchange as early as October, even as some executives hope to revive merger talks with Western Digital Corp.

The NAND flash memory pioneer is prioritizing a solo listing to capitalize on a surge in domestic chip-related shares, according to people familiar with the matter. Kioxia can revisit a deal with Western Digital after the IPO, said the people, who asked not to be identified as the talks are still in flux and discussions are private.