The company, known for its significant role in memory chip production, set its IPO price at 1,455 yen per share, which places its valuation at 784 billion yen. Kioxia had initially proposed a price range of 1,390 to 1,520 yen per share.
As part of the IPO, Bain Capital and Toshiba will be selling shares, while Kioxia plans to issue new shares separately, generating an additional 31 billion yen, according to the filing.
In October, Bain Capital had to abandon its IPO plans for Kioxia after investors urged the firm to significantly reduce its targeted valuation from 1.5 trillion yen, as reported by Reuters. This was not the first time the IPO was postponed; a previous attempt was made four years ago.
In 2018, a consortium led by Bain acquired Kioxia from the troubled conglomerate Toshiba for 2 trillion yen. Kioxia is scheduled to be listed on the Tokyo Stock Exchange on December 18.