Deals
Bain Aims for Toshiba Chip Unit IPO as Soon as 2020
Bain Said to Aim for Toshiba Chip Unit IPO by 2020
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Bain Capital’s consortium plans to take Toshiba Corp.’s flash-memory unit public two to three years after closing its 2 trillion yen ($18 billion) acquisition of the business, according to people familiar with the matter.
The precise timing of the initial public offering will depend on the unit’s finances and market conditions and could change substantially, said the people, asking not to be identified because the matter is private. The Bain group also plans to institute a stock option program at the memory business so employees will have an opportunity to profit in any IPO, they said.