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Kioxia Plans to Launch US ADRs in Spring 2027, AI Memory Boom Prompts Japanese Chip Leader to Accelerate Embrace of Global Capital

TradingKey

AuthorAlan Long

Jun 25, 2026 3:27 AM

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Kioxia plans to issue American Depositary Receipts and list in the U.S. by spring 2027 to enhance liquidity and valuation. This move follows a strong recovery in the memory market, driven by AI-related demand for NAND flash and enterprise SSDs. The company anticipates an operating profit of 1.3 trillion yen for the April-to-June 2026 quarter, signaling a transition toward AI-led structural growth. While the listing remains subject to regulatory approval and market conditions, a successful entry would position Kioxia as a significant investment target alongside global leaders in the AI memory sector.

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TradingKey - Japanese memory chip giant Kioxia plans to issue American Depositary Receipts (ADRs) and list in the U.S. as early as the spring of 2027 to further expand its international investor base, enhance stock liquidity, and boost corporate valuation. Previously, Kioxia announced that it was preparing to list American Depositary Shares (ADSs) on a U.S. stock exchange, though the specific exchange, offering size, and final timeline remain subject to regulatory approval and market conditions. Following the announcement, Kioxia's stock price fluctuated within a narrow range during intraday trading. As of press time, the latest price stood at 99,930 yen, slightly down from its opening price.

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Kioxia stock performance, Source: FUTUBULL

Kioxia's planned U.S. listing comes amid a surge in demand for NAND flash memory and enterprise SSDs driven by the global buildout of AI data centers. Boosted by demand for AI servers, cloud computing, and high-performance storage, Kioxia's recent financial performance has improved significantly. The company previously projected that its operating profit for the April-to-June quarter of 2026 would reach 1.3 trillion yen (approximately $8.2 billion), indicating that the memory chip market's recovery is transitioning from a traditional cyclical rebound to AI-driven structural growth.

However, uncertainties remain regarding Kioxia's U.S. listing. The company previously disclosed that the plan is still pending U.S. regulatory approval, and the exchange, offering size, and specific structure have not yet been finalized. If the ADR listing is successfully completed in the spring of 2027, Kioxia will become, after Micron ( MU ), Samsung Electronics, and SK Hynix, another key investment target for global investors focused on the AI memory sector.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

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Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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