<p>➀ Kioxia, a major Japanese NAND Flash manufacturer, has postponed its IPO plan due to investor demands for lower valuation.</p><p>➁ Kioxia's parent company, Bain Capital, aimed to use the IPO to recoup investments and inject new capital into the company.</p><p>➂ The company's market value has dropped significantly from its peak of $30 billion to around $5 billion in just three years.</p>