Toshiba considering IPO for memory chip unit: FT

Tokyo

TOSHIBA Corp is considering an IPO of its prized memory chip business if an agreed US$18 billion sale to a Bain Capital-led consortium fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.

The IPO is one of various contingency plans being looked at by Toshiba's top executives, the FT said, citing people familiar with the plans. It added that some analysts and Toshiba shareholders favour it over the existing deal.