Kioxia’s Big IPO Attempt, Aiming for December

Hey, did you hear about Kioxia’s IPO? They’re going for it again! This Japanese chipmaker, backed by Bain Capital, is targeting December after Bain pulled the plug on the IPO in October. Turns out, investors pushed them to nearly halve their initial valuation from 1.5 trillion yen. Kioxia’s using a new IPO process in Japan that lets companies connect with investors before they’re officially listed. They’re planning to release an indicative price in late November, with hopes to list from December to June. It’s a big move, especially with memory chip demand still unpredictable.