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Report: Bain Capital likely to delay Toshiba Memory IPO to November

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Report: Bain Capital likely to delay Toshiba Memory IPO to November

Bain Capital Private Equity LP is likely to delay the IPO of Toshiba Memory Corp. to November from September as planned, Reuters reported, citing a person familiar with the matter.

The private equity firm led a consortium to acquire Toshiba Memory from Toshiba Corp. for ¥2 trillion.

A spokesman for Toshiba Memory reportedly said the company has not changed its plan to launch an IPO within three years since its acquisition, and that the exact timing of such a listing is still undecided.