Kioxia took a significant hit on the stock market this week after an investment vehicle affiliated with Bain Capital put a large block of shares on the market.
Bloomberg reported on the sale by Bain Capital. The sale, worth more than $2 billion, took place at a substantial discount and put pressure on the share price of the Japanese memory chip manufacturer. Investors reacted nervously to the signal that a major shareholder is willing to reduce part of its position.
Information for institutional clients shows that BCPE Pangea Cayman LP transferred approximately 36 million shares to parties outside Japan. The sale price was significantly below the previous day’s closing level. Despite this transaction, Bain…
