The Japanese memory-chip maker is preparing to list American depositary shares following a 300% year-to-date gain in Tokyo.
Kioxia Holdings is advancing plans to list its shares in the U.S. after its stock surged approximately 300% year-to-date on the Tokyo Stock Exchange. The company aims to list American depositary shares representing its common shares on a U.S. exchange.
The move follows a strong performance in Tokyo, where Kioxia’s shares have outperformed broader market indices. No specific timeline or exchange for the U.S. listing has been disclosed. The company has not commented on valuation expectations or investor demand.
Market reaction to the announcement remains limited, with no immediate impact on Kioxia’s Tokyo-listed shares.