Asia Tech Wire (Sep 25) -- Japanese memory chip maker Kioxia has responded to the postponement of its IPO plans.

Reuters previously cited people familiar with the matter as saying that Kioxia is delaying its IPO plans, aiming for an IPO no earlier than November or December, rather than October.

Kioxia could raise about $500 million through an IPO.

In response, a Kioxia spokesperson said on Tuesday, "We are preparing for an IPO at the appropriate time."