Kioxia's IPO Raises $3 Billion, $793 Million Raised, Amid Weak Demand and Pricing Below Expectations

Kioxia Holdings Corp. has launched its initial public offering (IPO), raising $3 billion, which fell short of market expectations. Despite a favorable market backdrop, investor sentiment appears lukewarm, as the IPO did not price at the upper end of its proposed range, a notable deviation from the trend observed in 97% of IPOs by other Japanese firms this year. The offering raised approximately $793 million, indicating a lack of strong demand for its shares. This disappointing debut has led to investor disappointment regarding the company's performance in the stock market.