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


Source: usaherald.com

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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 Kioxia’s IPO that could bring the Japanese chipmaker’s valuation to $16 billion Kioxia’s decision comes after revealing that its business has been adversely impacted by the United States’ recent export restrictions on Chinese owned Huawei Technologies. Kioxia points to...