{"id":883212,"date":"2024-12-02T17:50:55","date_gmt":"2024-12-02T12:20:55","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=883212"},"modified":"2024-12-03T06:51:44","modified_gmt":"2024-12-03T01:21:44","slug":"bain-backed-kioxia-sets-price-range-for-december-ipo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/02\/bain-backed-kioxia-sets-price-range-for-december-ipo\/","title":{"rendered":"Bain-backed Kioxia sets price range for December IPO"},"content":{"rendered":"<p>Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, a filing showed on Monday. <\/p>\n<p>The price range, which was first reported by Reuters, compares with an indicative price of 1,390 yen set in November and gives the Japanese chipmaker a market value of around 749 billion yen to 819 billion yen. <\/p>\n<p>Bain scrapped plans for an IPO of Kioxia in October after investors sought a market value of around 800 billion yen compared to its target of 1.5 trillion yen, Reuters has reported. <\/p>\n<p>The buyout firm postponed a previous IPO plan for Kioxia four years ago. <\/p>\n<p>Bain&#8217;s efforts to list the chipmaker are being closely watched as a test case for buyout firms in Japan, where more companies are selling non-core assets or going private. <\/p>\n<p>Going public would offer Kioxia fundraising options in a capital intensive industry but increase scrutiny on the company&#8217;s financials. <\/p>\n<p>A Bain-led consortium acquired the chipmaker from scandal-hit conglomerate Toshiba for 2 trillion yen in 2018. <\/p>\n<p>Kioxia is due to debut on the Tokyo Stock Exchange on Dec. 18.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, a filing showed on Monday. The price range, which was first reported by Reuters, compares with an indicative price of 1,390 yen set in November and gives the Japanese chipmaker a market value of around 749 billion yen to 819 billion yen. Bain scrapped plans for an IPO of Kioxia in October after investors sought a market value of around 800 billion yen compared to its target of 1.5 trillion yen, Reuters has reported. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-883212","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/883212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=883212"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/883212\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=883212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=883212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=883212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}