Kioxia considers $10 billion U.S. listing to attract AI investors

Japanese memory-chip manufacturer Kioxia is preparing to list American depositary shares on a U.S. stock exchange to expand its investor base and increase liquidity. The company is reportedly considering raising at least $10 billion through the offering, which could take place as early as next year. Kioxia has been in discussions with major lenders, including Bank of America, Goldman Sachs Group, and JPMorgan Chase.

In a statement, Kioxia confirmed it is preparing the listing to “steadily and sustainably increase corporate value,” though it noted that specific details regarding the schedule and method have not been finalized and the company may decide not to proceed depending on circumstances.

The move aims to attract global investors focused on the artificial intelligence boom and the semiconductor supply chain. Analysts suggest a U.S. listing could help overcome liquidity hurdles that often limit international investment in Japanese technology firms. Kioxia’s shares have already seen significant growth this year, leading gains on the Nikkei 225 index.