💨 Abstract
Bain Capital has scrapped plans for an IPO of Japan's Kioxia due to investors pushing for a significantly lower valuation than the $13.4 billion the firm paid in 2018. The market value investors want is around 800 billion yen, compared to Bain's target of 1.5 trillion yen.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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