Japanese chipmaker Kioxia has filed for an initial public offering (IPO) on the Tokyo Stock Exchange, aiming for an October debut. The IPO is anticipated to be Japan's largest of the year, with Kioxia seeking to raise at least $500 million. The company, known for its memory products, could achieve a valuation of approximately $10.3 billion. This move comes amid a surge in semiconductor demand driven by advancements in artificial intelligence (AI). Bain Capital is reportedly backing the IPO, which marks a long-anticipated step for Kioxia.