The Japanese storage company is preparing to list American depositary receipts, a structure often used by foreign issuers to access U.S. investors, according to a market report cited by Jin10.
Kioxia, the Japanese storage company, plans to list American depositary receipts in the United States in April or May next year, according to a market report cited by Jin10 and carried by BlockBeats on June 25. An ADR (U.S.-traded certificate representing foreign shares) would give the company a route to tap American investors without a conventional domestic share listing.