Kioxia postpones USD 16 bln IPO amid pandemic, Huawei woes

Monday 28 September 2020 | 11:09 CET | News
Kioxia, the Japanese memory-chip maker formerly known as Toshiba Memory, has postponed its initial public offering, originally planned for 6 October, citing continued market volatility and ongoing concerns about a second second wave of the coronavirus pandemic. The company said it will "continue to evaluate the appropriate timing for its offering" and that it is not "in a rush" but reports said the delay may be indefinite. The Wall Street Journal reported that the decision comes amid US export restrictions on Huawei, affecting Kioxia's business.

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Categories: Mobile & Wireless
Companies: Huawei / Kioxia / Toshiba
Countries: World
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