Technology
Japanese chipmaker Kioxia’s dramatic valuation drop from $18B in 2018 to $5.1B in its upcoming IPO is due to its high debt and lower AI exposure than rivals (Jacky Wong/Wall Street Journal)
Jacky Wong / Wall Street Journal:
Japanese chipmaker Kioxia’s dramatic valuation drop from $18B in 2018 to $5.1B in its upcoming IPO is due to its high debt and lower AI exposure than rivals — Kioxia is going for a discount due to its high debt and lower AI exposure than rivals — Japan’s last blockbuster initial public offering …
