What happened
Kioxia Holdings announced it will offer U.S. depositary shares in spring 2027 and is actively considering a domestic stock split. The Tokyo-based NAND storage supplier's shares surpassed ¥100,000 ($620) apiece on Thursday, driven by strong results from memory maker Micron Technology and a nearly 900% rise this year.
Why it matters
Kioxia has become Japan's most valuable company this year on the back of an AI-fueled boom for memory products. The U.S. listing gives the company access to the world's largest financial arena and follows a similar move by rival SK Hynix seeking to tap growing investor demand for AI-related semiconductor exposure.
What to watch
The U.S. depositary share offering is scheduled for spring 2027. A domestic stock split is under active consideration to broaden Kioxia's investor base as share prices remain elevated.
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