Bain Revives $500 Million Kioxia IPO Plan as Chip Demand Surges

Bain Capital is moving forward with plans for an initial public offering (IPO) of Kioxia Holdings Corp., a Japanese chipmaker, aiming to raise approximately $500 million. The IPO could launch in the coming weeks, though plans may change depending on market conditions. If successful, this would be Japan`s largest IPO since October 2023. Bain, which previously purchased Kioxia from Toshiba Corp., sees an opportunity in the current market upswing and the strong performance of recent semiconductor IPOs. This attempt to list Kioxia follows the collapse of merger talks with Western Digital Corp. last year.