Bain Capital-led chip maker Kioxia pulls plug on $16B IPO due to US-China tech war

Bain Capital-led chip maker Kioxia pulls plug on $16B IPO due to US-China tech war By SHARE Credits: Kioxia America Twitter Account Kioxia Holdings called off plans to launch one of the biggest initial public offerings (IPOs) of the year. The Japanese chip previously planned to go public on the Tokyo Stock Exchange on October 6. Bain Capital was leading the Kioxiaࢀ™s IPO that could bring the Japanese chipmakerࢀ™s valuation to $16 billion Kioxiaࢀ™s decision comes after revealing that its business has been adversely impacted by the United Statesࢀ™ recent export restrictions on Chinese owned Huawei Technologies. Kioxia points to…