Kioxia plans IPO to tackle $5.8B debt amid industry shakeups
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NAND and SSD manufacturer Kioxia is preparing an IPO to recapitalize itself as payment of a ¥900 billion ($5.8 billion) loan is due in June. The company is 56.24 percent owned by a Bain Capital-led private equity consortium and 40.64 percent owned by Toshiba. The Bain consortium bought its stake from Toshiba in 2017 for […]