Bain-backed Japanese chipmaker Kioxia's market value set at $5b

Bain-backed Japanese chipmaker Kioxia's market value set at $5b

FILE PHOTO: Kioxia's logo is pictured on a building in Kitakami, Japan, Nov. 05, 2024. REUTERS/Sam Nussey/File Photo

Bain-backed Kioxia will have a market value of about 750 billion yen ($4.84 billion) based on the indicative price for its initial public offering, with the chipmaker to receive listing approval from the Tokyo bourse on Friday, two sources said.