Kioxia Plans US Depositary Share Listing for Spring 2027
Kioxia plans to offer depositary shares representing its stock in the US in spring 2027, targeting a listing around April or May, according to people familiar with the plans. The Tokyo-based company aims to capitalize on the ongoing rally in semiconductor valuations and is also considering a stock split in Japan.
Kioxia has surged to become Japan's most valuable company as of June 12, surpassing Toyota Motor Corp. The US listing targets AI-driven demand for NAND flash memory, the storage technology essential for data centers, as the memory chip maker seeks to capture investor interest in artificial intelligence exposure.
From the sources (4 posts)
@businessKioxia intends to offer US depositary shares in the spring of 2027, looking to take advantage of runaway demand for exposure to the AI rally in global semiconductor shares
@zerohedgeKIOXIA PLANS TO LIST ADRS IN US AROUND APRIL OR MAY 2027
@wallstengineNAND supplier, Kioxia plans to list ADRs in the U.S. around spring 2027, per Bloomberg, while also considering a stock split in Japan.
@techmemeNAND flash maker Kioxia, Japan's most valuable company since June 12, plans to offer US depositary shares in spring 2027 amid AI-driven demand for memory chips (Bloomberg) (Visit Techmeme dot com for the link and full context!)