The original Toshiba storage announced its listing after four consecutive quarters of losses last year, but the listing process was full of twists and turns. Kioxia, which was originally scheduled to go public on October 6, abruptly suspended its IPO a week ago, when rumors spread that it would go public at the end of the year. According to the Nikkei Shimbun, the world’s second-largest flash memory chip maker, will soon re apply for IPO on the Tokyo Stock Exchange as early as December. < / P > < p > the company first announced plans to go public in March, raising 347 billion yen (about $3.3 billion at that time) through an IPO. At the end of August, he further said that he had obtained the listing permission and planned to go public on October 6, when the Japanese stock market was in the stage of soaring. However, just before the IPO, that is, on September 28, Kaixia announced that the IPO plan would be put on hold for the time being. The reason was simply explained as “market fluctuation and doubts about the second wave of epidemic situation”, and the president, Shinzo sakazaka, said that he was “not in a hurry”. Its predecessor was Toshiba’s storage department. The latter invented NAND flash memory in 1987, and ranked second in the world after Samsung. In 2018, Bain Capital led consortium acquired the controlling right of Toshiba storage for us $18 billion. On October 1 of the next year, the company officially changed its name to Jiaxia. Toshiba retains a 40% stake. < p > < p > but after the name was changed, the performance of Jiaxia was not satisfactory. Last year, the stock lost four consecutive quarters, with a net loss of $1.83 billion for the whole year, and its revenue did not improve until the last fiscal quarter. Global Tech

By ibmwl