KIOXIA considers raising $10B through US listing as AI-fueled stock surge continues

Kioxia Holdings Corp. is considering raising at least $10 billion by listing American depositary receipts in the United States. This potential US listing aims to leverage strong investor demand and an AI-fueled stock surge to fund growth within the memory chip sector. By tapping into global capital markets, the company seeks to align itself with other artificial intelligence-related firms. This strategic move highlights Kioxia's focus on securing significant capital to support its AI-driven expansion goals.