Japan chipmaker Kioxia to file preliminary listing application, sources say

By Miho Uranaka and Sam Nussey

TOKYO (Reuters) -Bain Capital-backed chipmaker Kioxia plans to submit a preliminary application to list shares on the Tokyo Stock Exchange in the coming days, two people familiar with the matter said.

The chipmaker plans to submit a full application in August and list at the end of October, though the timing could be pushed back to December, said the people.

Kioxia said it has no update on its initial public offering (IPO) plans and declined to comment on its listing procedures.

Bain, which led a consortium that acquired the memory unit of Toshiba in 2018, aims to recover capital by selling shares, with Kioxia planning to raise capital by issuing new shares, the people said.