Japan’s Last Major IPO of the Year Offers Memory-Chip Maker at Discount #

Memory-chip maker Kioxia is set to start trading next week after raising approximately $800 million in its initial public offering. The IPO values the company at around $5.1 billion, a significant decrease from its previous valuation of $18 billion in 2018.

The dramatic drop in valuation comes as Kioxia prepares to enter the public market. This stark contrast highlights the volatility in the semiconductor industry and the changing perceptions of the company’s worth over the past five years.

The company’s journey to this point has been marked by notable shifts in ownership and valuation. The current IPO price represents a considerable discount compared to its earlier valuation, raising questions about the company’s current market position and future prospects in the competitive memory-chip sector.