Kioxia Postpones Initial Public Offering

  • September 28, 2020
  • Kioxia Holdings Corporation

TOKYO -- Kioxia Holdings Corporation, the world leader in memory solutions, announced today that its board has decided to postpone its previously announced initial public offering. Kioxia will continue to evaluate the appropriate timing for a its offering.

“While we received significant interest from many investors, the lead underwriters and Kioxia do not believe it is in the best interest of current or prospective shareholders to proceed with the IPO at this time of continued market volatility and ongoing concerns about a second wave of the pandemic”, said Nobuo Hayasaka, President and Chief Executive Officer (CEO) of Kioxia. “As a company, we make disciplined decisions that are in the best interest of all our stakeholders and we will revisit an IPO at an appropriate time. We are not in a rush.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.