Kioxia shares climb slightly on debut in Tokyo after $800 million IPO

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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