Japanese chipmaker Kioxia Holdings Corp. debuted on the Tokyo stock market Wednesday, closing more than 10 percent above its initial offering price in Japan's second-largest listing this year by market capitalization.Kioxia was valued at around 863 billion yen ($5.6 billion) based on its closing price of 1,601 yen. The shares first changed hands at 1,440 yen, below the IPO price of 1,455 yen, but later gained momentum.The company plans to use the IPO proceeds to fund research and development to meet the expected long-term demand for chips used in artificial intelligence. Only the October li…READ FULL ARTICLE
