Japan's Toshiba to gradually sell stake in Kioxia after ex-chip unit's IPO

Japan's Toshiba to gradually sell stake in Kioxia after ex-chip unit's IPO

PHOTO: REUTERS/Yuriko Nakao/File Photo

Toshiba Corp plans to gradually unwind its 40% stake in Kioxia Holdings after the world’s second-largest flash memory chip firm lists its shares in an IPO later this year, two people familiar with the matter said on Saturday.