Kioxia Filed for IPO

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Japanese chipmaker Kioxia aims to list in October amid AI boom
Japanese chipmaker Kioxia Holdings filed an application to list on the Tokyo Stock Exchange last Friday, Nikkei has learned, aiming to go public in October amid soaring appetite for semiconductors from the artificial intelligence sector. The company is expected to achieve a market capitalization of over 1.5 trillion yen ($10.3 billion), marking what would be the bourse’s largest IPO so far this year. It aims to use the proceeds as it works to meet surging demand for memory chips from the AI boom.