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Initial Thoughts on the Kioxia IPO - Impact on SK Hynix and Samsung Electronics

1.1k Views27 Aug 2024 11:26
The IPO of Kioxia has mixed implications for SK Hynix which is a major shareholder. However, the IPO of Kioxia has a more direct negative impact on Samsung Electronics.
What is covered in the Full Insight:
  • Introduction
  • Kioxia's IPO Details
  • Implications for SK Hynix
  • Impact on Samsung Electronics
  • Financial and Valuation Comparisons
Boomeranged on Fri, 22 Nov 2024 11:48
Kioxia plans to complete its IPO on 18 December, valuing Kioxia at ¥750 billion ($4.8 billion). The IPO is priced at ¥1,390 ($9) per share. The company will issue around 21.5 million new shares, in addition to more than 50 million to be sold at home and abroad by existing shareholders. Kioxia will raise roughly ¥30 billion, but excluding transaction fees its IPO proceeds will be ¥27.7 billion.
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