Kioxia’s Booming Shares Head for Liquidity Boost With US Float

Kioxia Holdings Corp.’s plan to float American Depositary Shares is setting one of the world’s hottest stocks up for a liquidity boost, tapping into the global fervor over memory chips to expand its investor base.

The company is preparing to list the ADSs on a US stock exchange, it said in a release on Friday, saying the move would help raise corporate value. Details such as the schedule and method are as yet undetermined and the company may end up not pursuing the listing, according to the release. ADSs make the actual shares available for trading, making arbitrage cheaper than in the case of depositary receipts, which Kioxia already has.