Japan’s Kioxia, formerly Toshiba Memory, aims for September IPO: Reportv

TOKYO: Japan’s Kioxia Holdings Corp, the world’s second largest maker of flash memory chips and formerly known as Toshiba Memory, plans an initial public offering as early as September, weekly financial magazine Diamond reported on Thursday.

Kioxia, which is controlled by private equity firm Bain Capital, last year shelved a plan to offer up to 334.3 billion yen ($3 billion) in shares, which would have been Japan’s largest IPO of 2020.

That postponement came amid trade frictions between China and the United States that the Japanese chip maker worried would cut it off from key customers.