Kioxia Holdings Corp. is considering a US listing of American depositary receipts. It aims to raise at least $10 billion. The move would tap strong investor demand for AI-related companies. Kioxia has discussed the offering with Bank of America, Goldman Sachs and JPMorgan. The Tokyo-based memory-storage maker seeks more US liquidity. It follows a share repurchase in Japan worth billions. The listing may occur next year. The discussions are private.
What it unlocks
Access to US investor liquidity for Kioxia.
- $10 billion target
- next year timeline
Sources