U.S. buyout firm Bain Capital is likely to delay a planned initial public offering of Toshiba Memory by around two months, a source said on ...
TOKYO: U.S. buyout firm Bain Capital is likely to delay a planned initial public offering of Toshiba Memory by around two months, a source said on Wednesday, pushing back until November what is likely to be one of Japan's biggest listings this year.
Toshiba Memory is the world's second-largest maker of NAND memory chips. A consortium led by Bain acquired the business for US$18 billion last year.Reuters reported last month that Bain had picked Nomura and Mitsubishi UFJ to manage the IPO and that the listing could happen as early as September. But a person familiar with the matter said on Wednesday it would likely be delayed until November.
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