Kioxia Holdings Corp., backed by Bain Capital, has set its indicative IPO price at ¥1,390 per share ahead of its debut on the Tokyo Stock Exchange on December 18. This move aims to leverage the renewed interest in Japan's stock market, following Tokyo Metro Co.'s successful $2.3 billion listing in October.
Tokyo Metro Co. is pursuing growth through mergers and acquisitions, as well as investments, following its recent stock exchange listing. President Akiyoshi Yamamura emphasized that this move will enhance trust with partners and expand opportunities, while also highlighting the need to strengthen areas beyond the railway business, such as real estate and distribution.
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