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TOKYO (Reuters) -Bain Capital-backed chipmaker Kioxia’s preliminary public providing has raised 120 billion yen ($800 million) together with an overallotment after shares had been priced in the midst of their marketed vary, in line with a securities submitting on Monday.
Kioxia, a serious producer of reminiscence chips, set its IPO value at 1,455 yen per share, the submitting stated. This values the corporate at 784 billion yen.
Kioxia had set a tentative value vary of 1,390 to 1,520 yen per share.
Bain Capital and Toshiba (OTC:) will promote shares as a part of the IPO and Kioxia will individually subject new shares, elevating 31 billion yen, in line with the submitting.
($1 = 150.0500 yen)
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