Bain Is Said to Plan $500 Million IPO for Chipmaker Kioxia
- Buyout firm reviving plans to sell shares in Kioxia this year
- Bain is working with banks on fresh attempt to list chipmaker
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Bain Capital is pressing ahead with its revived plans for an initial public offering of chipmaker Kioxia Holdings Corp. that could raise about $500 million, according to people familiar with the matter.
Bain is working with investment banks on the renewed attempt to list the Japanese NAND flash memory business, the people said, asking not to be identified as the information is private. Kioxia could kick off the IPO as soon as the coming weeks, the people said.