Kioxia Holdings Corporation has confirmed plans to list its shares on a US stock exchange in 2027. This move will allow global investors to buy the storage manufacturer's stock directly through American markets. The announcement marks a major shift in how the company accesses international capital.
Memory maker targets Q2 2027 listing to boost US liquidity
The Japanese memory chipmaker currently trades as an American Depositary Receipt (ADR) in the US over-the-counter market. Kioxia intends to issue new American Depositary Shares (ADS) to facilitate a formal listing. The company is also evaluating a stock split on the Japanese stock exchange to support the transition.
The IPO is scheduled for the second quarter of the fiscal year ending in June 2027. Kioxia CFO Yoshihiko Kawamura stated the project will establish a direct link between the company and US capital markets. He emphasized that the company will do everything possible to ensure the success of the listing.
The decision follows a similar move by competitor SK Hynix, which entered the US market earlier. Kioxia recently surpassed Toyota to become Japan's most valuable company by market capitalization. The listing aims to capitalize on this valuation by providing greater liquidity for US-based shareholders.
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