Sources: Bain Capital stands to make $15B+ in profits on its 2018 Kioxia buyout, a ~20x return, as Kioxia's stock has surged 5,000%+ since its December 2024 IPO (Financial Times)
THE SO WHAT
A ~20x, $15B+ win on Kioxia underscores how much value is accruing to upstream memory and storage as AI compute demand explodes. For operators, this is another data point that component supply, not just GPUs, will drive cost and availability—lock in strategic relationships across the memory stack, not only with accelerator vendors.
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MORE FROM THE WIRE
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Startups & VentureJio Platforms Plans $3 Billion Debt Reduction from IPO Proceeds
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