TOKYO (Nov 22): Bain Capital-backed Kioxia's market value is seen around ¥750 billion (US$4.85 billion or RM21.7 billion) in its initial public offering, a regulatory filing showed on Friday.
The IPO will have a deal value of about ¥100 billion excluding overallotment.
Bain and Toshiba will sell shares in the IPO. Separately, Kioxia will issue new shares, raising ¥27.7 billion.
Kioxia set an indicative price of ¥1,390 for both the secondary offering and new shares, the filing showed.
A Bain-led consortium acquired the chipmaker from scandal-hit conglomerate Toshiba for ¥2 trillion in 2018.
Bain scrapped plans for an IPO of Kioxia in October after investors pushed the buyout firm to almost halve the ¥1.5 trillion valuation it was seeking, Reuters has reported.
The buyout firm also postponed a plan for a Kioxia IPO four years ago.
Kioxia is due to list on the Tokyo Stock Exchange on Dec 18.
Uploaded by Magessan Varatharaja