Kioxia Plans US ADS Listing to Boost Liquidity as Shares Surge 74% This Year

1 articles · Updated · Bloomberg · May 18

Kioxia said Friday it is preparing to list American Depositary Shares on a US exchange, though the timing and method are still undecided and the plan could yet be dropped.
ADSs would make Kioxia’s underlying shares directly tradable in the US, lowering arbitrage costs versus the depositary receipts it already has and broadening access for investors.
The move aims to lift corporate value by expanding Kioxia’s investor base as global enthusiasm for memory-chip stocks drives demand.
Kioxia has been one of the market’s hottest chip names, with its shares up 74% this year, making a US float a potential liquidity boost as well as a visibility play.

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