Publication Date:
Sun, 2010-09-19 01:48
If the IPO moves forward it would rank among the largest tech IPOs in the United States of the past decade. Hitachi has hired Goldman Sachs Group Inc, Morgan Stanley, Bank of America Merrill Lynch, JPMorgan Chase & Co, Citigroup Inc. and Nomura Holdings Inc. to underwrite the IPO of Hitachi Global Storage Technologies (HGST), two sources close to the plan told Reuters.
Hitachi is seeking to shore up its battered capital base and some analysts have suggested that divesting its hard-drive unit could help the company’s overall finances.
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