Kioxia’s shares soared 14% as part of their market debut on Wednesday, December 18.
Against the background of the mentioned growth of securities, the specified chipmaker, backed by Bain, was able to achieve a market capitalization of more than 890 billion yen ($5.8 billion). Also in this case, there was high investor interest in the third largest initial public offering (IPO) of shares in Japan in the current year.
Kioxia is a major manufacturer of memory chips. The company raised 120 billion yen after pricing its IPO in the middle of the indicative range at 1,455 yen per share.
Kioxia, formerly known as Toshiba Memory, was acquired in 2018 by a Bain-led consortium from Toshiba. The cost of this deal was 2 trillion yen. Toshiba has decided to sell the mentioned business after facing a crisis amid cost overruns in its nuclear business.
It is worth noting that investors are currently interested in making financial injections in chip developers and manufacturers. The corresponding state of affairs is associated with the so-called artificial intelligence boom. Chips are necessary for training and ensuring the process of subsequent functioning of machine intelligence systems. In this context, the example of Nvidia is illustrative. The market capitalization of the mentioned chip developer exceeded $3 trillion in the current year.
As for the active development of artificial intelligence, in this context, it is worth mentioning that AI has to some extent actualized the issue of cybersecurity. Scammers also have access to relevant technologies. To counter this threat, personal awareness of users is important. For example, a query in an Internet search engine, such as how to know if my camera is hacked, will allow anyone to get information about signs of unauthorized access to the device.
