On September 15, Kioxia Holdings clarified that the specific timing, target market, and approach for its planned U.S. listing via American Depositary Receipts (ADRs) remain undecided. The company also noted that, depending on the progress of its preparations, it might opt not to proceed with the listing at all. Any further developments in this regard will be promptly communicated to the public. Earlier reports had suggested that Kioxia was aiming to raise a minimum of $10 billion through the ADR issuance and had already initiated discussions with several financial institutions.
