Kioxia Postpones $3.2 Billion IPO
Because of pandemic and US-China tensions
This is a Press Release edited by StorageNewsletter.com on September 29, 2020 at 2:20 pmKioxia Holdings Corporation announced that its board has decided to postpone its previously announced IPO.
It will continue to evaluate the appropriate timing for a its offering.
“While we received significant interest from many investors, the lead underwriters and Kioxia do not believe it is in the best interest of current or prospective shareholders to proceed with the IPO at this time of continued market volatility and ongoing concerns about a second wave of the pandemic,” said Nobuo Hayasaka, president and CEO. “As a company, we make disciplined decisions that are in the best interest of all our stakeholders and we will revisit an IPO at an appropriate time. We are not in a rush.”
Read also:
Kioxia Plans IPO on Tokyo Stock Exchange Next October
To raise up to $3.6 billion
by Jean Jacques Maleval | August 31, 2020 | News
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