Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report

Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report

FILE PHOTO: Japanese chipmaker Kioxia's logo and promotional video on a screen are pictured at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon/File Photo

Bain-backed memory chipmaker Kioxia has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said.