Toshiba may fall back on IPO option if it misses $18b chip unit sale deadline

Toshiba may fall back on IPO option if it misses $18b chip unit sale deadline

Signage for Toshiba Corp. displayed atop the company's headquarters is seen through a monorail train window in Tokyo, Japan, on Tuesday, March 28, 2017. Photographer: Kiyoshi Ota/Bloomberg

Japan’s Toshiba Corp faces a Friday deadline to win Chinese antitrust approval to sell its prized $18 billion memory-chip business by end-March, raising the possibility the deadline may be missed and that it will seek alternatives such as an IPO.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter