According to people familiar with the matter, Kioxia Holdings is considering raising at least $10 billion by issuing American Depositary Receipts. This move is expected to allow it to join the ranks of other artificial intelligence-related companies seeking financing from strong investor demand. People familiar with the matter said that Kioxia has been in discussions with banks such as Bank of America, Goldman Sachs, and J.P. Morgan Chase about possible issuance plans next year. People familiar with the matter said that the Tokyo-based memory chip maker has bought back shares worth several billion dollars in the Japanese market and now plans to obtain more liquidity through a US listing. According to people familiar with the matter, issuing ADR may also help Kioxia to be included in a semiconductor-focused stock index. Relevant considerations are still in the preliminary stages, and details such as the scale of issuance and the lineup of participating banks may change.

According to people familiar with the matter, Kioxia Holdings is considering raising at least $10 billion by issuing American Depositary Receipts. This move is expected to allow it to join the ranks of other artificial intelligence-related companies seeking financing from strong investor demand. People familiar with the matter said that Kioxia has been in discussions with banks such as Bank of America, Goldman Sachs, and J.P. Morgan Chase about possible issuance plans next year. People familiar with the matter said that the Tokyo-based memory chip maker has bought back shares worth several billion dollars in the Japanese market and now plans to obtain more liquidity through a US listing. According to people familiar with the matter, issuing ADR may also help Kioxia to be included in a semiconductor-focused stock index. Relevant considerations are still in the preliminary stages, and details such as the scale of issuance and the lineup of participating banks may change.