Kioxia Hldg Corp shares untraded with glut of sell orders

On June 26, 2026, shares of Kioxia Holdings Corp (285A.T) fell 12% amid a broader selloff in AI-related stocks, triggered by reports that delaying its initial public offering. The decline came after a period of strong performance driven by increased demand for memory chips in the AI sector. Kioxia, formerly known as Toshiba Memory, has emerged as most valuable companies on the Nikkei 225 index.

The company had previously announced plans to consider a stock split and to list American depositary shares on a U.S. exchange by the beginning of the next financial year, which ends in March 2028. CFO Yoshihiko Kawamura indicated at the company’s annual general meeting that listing is expected around April, May, or June 2027. Analysts have noted that planned U.S. listing suggests confidence in Kioxia’s ability to maintain strong performance in the coming months.

The recent sell-off reflects broader market concerns over the future of AI investment and the potential impact on related technology sectors.