Japanese chipmaker Kioxia files for IPO; sources say it's targeting December

Kioxia is the first company to have chosen to operate under new rules in Japan which allow firms to communicate with potential investors in the IPO before receiving listing approval from the Tokyo Stock Exchange. The chipmaker expects to receive approval in late November and the indicative price for the shares will be disclosed at that time, said the sources who declined to be identified as the company has not made the information public.