TOKYO — Japanese chipmaker Kioxia Holdings has restarted procedures for listing on the Tokyo Stock Exchange as soon as 2024 to secure funding for investment and meet high demand for memory chips driven by the proliferation of artificial intelligence.
According to multiple sources familiar with the matter, Bain Capital, a U.S. investment fund and major shareholder in the company, informed Kioxia’s financing banks of its intention to pursue an initial public offering on Monday.
