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Memory chip maker Kioxia soars in Japan IPO to $5.8 billion valuation


IPO financial term abbreviation meaning Initial Public Offering on the corner of blue cube

of giving

Shares of Japanese memory chip maker Kioxia rose about 17% in their IPO debut on the Tokyo Stock Exchange on Wednesday.

The stock surge valued Bain Capital-backed private equity firm Kioxia at around 890 billion yen (about $5.80 billion), making it the third-largest initial public offering in Japan this year, like



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