TOKYO (Reuters) -Bain Capital-backed chipmaker Kioxia’s preliminary public providing has raised 120 billion yen ($800 million) together with an overallotment after shares have been priced in the midst of their marketed vary, in line with a securities submitting on Monday.
Kioxia, a significant producer of reminiscence chips, set its IPO worth at 1,455 yen per share, the submitting mentioned. This values the corporate at 784 billion yen.
Kioxia had set a tentative worth vary of 1,390 to 1,520 yen per share.
Bain Capital and Toshiba (OTC:) will promote shares as a part of the IPO and Kioxia will individually situation new shares, elevating 31 billion yen, in line with the submitting.
Bain Capital scrapped plans for an IPO of Kioxia in October after buyers pushed the buyout agency to virtually halve the 1.5 trillion yen valuation it was in search of, Reuters has reported.
The buyout agency postponed a earlier IPO plan for Kioxia 4 years in the past.
A Bain-led consortium acquired the chipmaker from scandal-hit conglomerate Toshiba for two trillion yen in 2018.
Kioxia is because of listing on the Tokyo Inventory Change on Dec. 18.
($1 = 150.0500 yen)
