Alphabiz - Kioxia, a Japanese NAND flash memory semiconductor company invested in by SK Hynix, has canceled its October IPO plans.

(Photo= Yonhap news)

[Alpha Biz= Reporter Kim Jisun] Kioxia, a Japanese NAND flash memory semiconductor company in which SK Hynix has invested, has canceled its scheduled initial public offering (IPO) in October.

According to Reuters and Japan's Nikkei on the 24th (local time), Kioxia has decided to cancel the IPO initially planned for next month.

However, the cancellation is not permanent. Nikkei reported that "Kioxia maintains its intention to go public, now aiming for a listing after November."

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)