Kioxia said to file for public listing after Western Digital deal fails: report

News Snapshot:

Japanese chipmaker Kioxia, which is majority owned by private equity firm Bain Capital, is said to be getting ready to list its shares on the Tokyo Stock Exchange, Reuters reported. The application could come as soon as August, with the eventual initial public offering happening at the end of October, the news outlet added, citing people familiar with the matter. Kioxia, which makes memory chips, had sought to restart talks to merge with Western Digital (NASDAQ:WDC) earlier this year, but strategic investor SK Hynix has opposed a merger. The talks were first halted in October after the deal failed to...