Kioxia Holdings Corp., which is supported by Bain Capital, has set an indicative IPO price of ¥1,390 per share as it prepares for its debut on the Tokyo Stock Exchange on December 18. This move aims to take advantage of the recent increase in activity in new listings in Japan's stock market.
Kioxia's upcoming IPO follows the successful listing of Tokyo Metro Co. in October, which raised $2.3 billion and indicates a growing interest in public offerings in the region. The entry of Kioxia into the market is expected to generate significant investor interest as the company looks to benefit from the favorable conditions for new listings in Japan.