Toshiba’s chip IPO could short-circuit, writes mak_robyn:
Japanese chipmaker Kioxia plans to list on the Tokyo Stock Exchange on Oct. 6 in an initial public offering worth up to $3.6 billion.
The company, formerly known as Toshiba Memory, will issue 21.5 million new shares at an indicative price range of 3,690 yen per share. Shareholders including Toshiba and an entity backed by a consortium led by Bain Capital will also sell shares. After the deal, Toshiba will have a 32% stake, while the Bain-led consortium will have a 47.8% stake.
Morgan Stanley, Goldman Sachs, JPMorgan, and Nomura are among the joint global coordinators for the IPO. The deal will price on Sept. 28 and the shares are due to list Oct. 6.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mike Santoli's market notes: Dip buyers are back, Tesla up 19% in 2 days, IPO feverPre-Fed upward drift, dip-buyers emboldened by the lack of any macro stress, and the resurgence of hot-money are keeping things green for now.
Read more »
Snowflake prices IPO above increased range, implying initial market cap of $33.3 billionAfter boosting the price range for its highly-anticipated IPO to between $100 and $110, Snowflake is selling shares at an even higher price of $120.
Read more »
Cloud Standout Snowflake Prices Above Range: Big Winners In The Mega IPOCloud database company Snowflake priced its hotly-anticipated public offering tonight, setting the stage for an outsized, much-scrutinized first day of trading the following day by alexrkonrad
Read more »
Buffett-backed cloud unicorn Snowflake nets $3.4 billion in record-breaking software IPO | Markets InsiderBillionaire investor-backed Snowflake said it would raise $3.4 billion in the largest-ever software IPO, giving it a value of over $33 billion....
Read more »
Snowflake is about to make its market debut in the largest ever software IPOSnowflake is growing alongside the major public cloud vendors by providing technology that allows clients to quickly analyze and share vast amounts of data and increase capacity as needed, rather than relying on databases that are tied to hardware.
Read more »
Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »