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Stockreport

Memory chipmaker Kioxia calls off October IPO plans in Japan - report [Seeking Alpha]

Western Digital Corporation (WDC)  More Company Research Source: Seeking Alpha
Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
Last month, reportedly, Bain was in discussions with investment banks to list the Japanese company, which makes NAND flash memory. Kioxia was expected to raise about $500M, and garner a market capitalization of over 1.5T yen ($10.3B) via the IPO, which was expected in October. It would have marked the largest IPO in Japan this year. However, the recent sell-off in shares of its listed peers has made the pricing challenging, the report added . Shares of Samsung Electronics ( OTCPK:SSNLF ), SK Hynix and Micron Technology ( MU ), have fallen about a third from recent highs. Kioxia noted that it is preparing to list at the appropriate time, the report noted. Bain, which led a consortium to acquire Kioxia from Toshiba for $18B in 2018, has thought about listing Kioxia in the past as well. The Tokyo-based company was also in discussions for a transaction to integrate with Western Digital's ( WDC ) memory business, intending to form an entity that could challenge NAND memory market [Read more]
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Stockreport

Memory chipmaker Kioxia calls off October IPO plans in Japan - report [Seeking Alpha]

Western Digital Corporation  (WDC) 
More Company Research Source: Seeking Alpha
Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
Last month, reportedly, Bain was in discussions with investment banks to list the Japanese company, which makes NAND flash memory. Kioxia was expected to raise about $500M, and garner a market capitalization of over 1.5T yen ($10.3B) via the IPO, which was expected in October. It would have marked the largest IPO in Japan this year. However, the recent sell-off in shares of its listed peers has made the pricing challenging, the report added . Shares of Samsung Electronics ( OTCPK:SSNLF ), SK Hynix and Micron Technology ( MU ), have fallen about a third from recent highs. Kioxia noted that it is preparing to list at the appropriate time, the report noted. Bain, which led a consortium to acquire Kioxia from Toshiba for $18B in 2018, has thought about listing Kioxia in the past as well. The Tokyo-based company was also in discussions for a transaction to integrate with Western Digital's ( WDC ) memory business, intending to form an entity that could challenge NAND memory market [Read more]
IMPACT SNAPSHOT
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WDC
Last Price
Price Change
Price Change %
Volume Shares
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Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS