Exclusive-Kioxia sets IPO price range of 1,390-1,520 yen per share, sources say

By Miho Uranaka and Sam Nussey

TOKYO (Reuters) – Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, two people familiar with the matter said.

They spoke on condition of anonymity ahead of Kioxia’s regulatory filing expected on Monday.

The price range compares with an indicative price of 1,390 yen set in November and gives the Japanese maker of flash memory chips a market value of around 749 billion yen to 819 billion yen.

Kioxia is due to debut on the Tokyo Stock Exchange on Dec. 18.

($1 = 150.6800 yen)