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.