Bain-Backed Kioxia Sets IPO Price for December Tokyo Debut (1)

Bain Capital-backed Kioxia Holdings Corp. is setting its indicative IPO price at ¥1,390 per share, the latest attempt to capitalize on Japan’s stock market renewal.

The memory maker plans its Tokyo Stock Exchange debut on Dec. 18, with Bain and Toshiba Corp. planning to sell into the initial public offering, according to the company’s filing to the Finance Ministry.

Kioxia will issue new shares as part of its IPO in a bid to raise a net ¥27.7 billion ($180 million). The company will decide on the provisional terms of its offering on Dec. 2 and its offer price on ...