Bain-backed chipmaker Kioxia's market value set at $4.9 billion in IPO

Kioxia, backed by Bain Capital, is set to go public with a market value estimated at around $4.85 billion. The IPO is expected to raise approximately $645.45 million, excluding overallotment. Bain and Toshiba will be selling shares, and Kioxia will issue new shares to raise additional funds. The IPO is scheduled for December 18 on the Tokyo Stock Exchange.