Japan Chipmaker Kioxia IPO on Tokyo Stock Exchange Raising $800 Million at $5.2 Billion Valuation with IPO Price JPY 1,455, Kioxia was a Spin-Off Toshiba Memory from Toshiba Corporation in 2017 Which Invented NAND Flash Memory in 1987, Sold to Bain & Co-Led Consortium in 2018 for $18 Billion
18th December 2024 | Hong Kong
Japan chipmaker Kioxia has IPO on Tokyo Stock Exchange raising $800 million at $5.2 billion valuation with IPO price of JPY 1,455. Kioxia was a spin-off Toshiba Memory from Toshiba Corporation in 2017, which invented the NAND Flash Memory in 1987. In 2018, Kioxia was sold to a Bain & Co-led consortium for $18 billion (JPY 2 trillion). Kioxia President & CEO Nobuo Hayasaka: “We completed our debut on the Tokyo Stock Exchange Prime Market on December 18, 2024. This significant milestone was made possible through the unwavering support from all our stakeholders, and for that, we express our deepest gratitude. Invented by Kioxia in 1987, the NAND flash memory has been used in wide-ranging applications and has helped transform society. The name “Kioxia” comes from the Japanese word for “memory (kioku)” and the Greek word for “value (axia)”. Guided by our mission to “uplift the world with ‘memory’”, we remain committed to pioneering products that support the evolution of our digital society, including the advancement of AI, and making a positive impact globally. With our public listing, we are keenly aware of our responsibilities as a public company. We are dedicated to enhancing our corporate value and meeting the expectations of our stakeholders. We sincerely thank you for your ongoing support and collaboration.” Kioxia – Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with “memory” by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia’s innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.
“ Japan Chipmaker Kioxia IPO on Tokyo Stock Exchange Raising $800 Million at $5.2 Billion Valuation with IPO Price JPY 1,455, Kioxia was a Spin-Off Toshiba Memory from Toshiba Corporation in 2017 Which Invented NAND Flash Memory in 1987, Sold to Bain & Co-Led Consortium in 2018 for $18 Billion “
Japan Chipmaker Kioxia IPO on Tokyo Stock Exchange Raising $800 Million at $5.2 Billion Valuation with IPO Price JPY 1,455, Kioxia was a Spin-Off Toshiba Memory from Toshiba Corporation in 2017 Which Invented NAND Flash Memory in 1987, Sold to Bain & Co-Led Consortium in 2018 for $18 Billion
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