Shares of Kioxia, a Japan computer memory manufacturer, rose 2.69% in Tokyo following its successful debut, raising over 120 billion yen in its initial public offering. The company’s shares were trading at 1,484 yen, slightly above the offer price of 1,455 yen per share, with an IPO price band of 1,390-1,520 yen. Kioxia, formerly Toshiba Memory, was acquired by a Bain-led consortium in 2018 for $18 billion, with major shareholders Bain Capital and Toshiba selling shares as part of the IPO.
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Trump Pauses Tariffs On Mexico After Financial Stocks Nosedive
President Donald Trump has delayed the imposition of 25% tariffs on Mexico for one month after discussing border measures with Mexican President Claudia Sheinbaum. This decision follows a friendly conversation where Mexico agreed to deploy 10,000 soldiers on the border with the United States. The move aims to address immigration issues and strengthen border security between the two countries. Full Article
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