Kioxia Holdings plans to offer U.S. depositary shares in the spring of 2027 and a stock split to take advantage of runaway demand for exposure to AI-related semiconductor stocks.
The supplier of NAND storage has grown into Japan’s most valuable company this year thanks to an AI-fueled boom for memory products and joins rival SK Hynix in seeking access to the world’s largest financial arena.
Tokyo-based Kioxia, which had previously said it planned an eventual listing in the U.S., also said it is actively considering a stock split domestically to expand its investor base. Its shares surpassed ¥100,000 ($620) apiece on Thursday, helped by blowout results from memory maker Micron Technology, and adding to a nearly 900% rise this year.
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japantimes.co.jp — original article
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