Kioxia plans new U.S. listing in spring, stock split at home

Kioxia Holdings plans to offer U.S. depositary shares in spring 2027 and execute a stock split in Japan to capitalize on surging demand for AI-related semiconductor stocks. The NAND storage supplier, now Japan's most valuable company, joins rival SK Hynix in seeking access to U.S. financial markets.

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.