Kioxia delays listing on Tokyo bourse amid U.S.-China tensions

Kioxia Holdings Corp. said Monday it will delay what would have been Japan's largest initial public offering this year amid heightened U.S.-China tensions that have hurt the outlook for the semiconductor industry.Kioxia, formerly known as Toshiba Memory Holdings Co. and the world's second-biggest producer of NAND flash memory chips, said the decision was made after taking into consideration market volatility and the spread of the novel coronavirus, adding it will reconsider "the appropriate timing" for going public.Kioxia was expected to raise 330 billion yen ($3 billion) in the IPO schedul…READ FULL ARTICLE