TOKYO, June 26 (Reuters) - Bain Capital-backed chipmaker

Kioxia plans to submit a preliminary application to list shares

on the Tokyo Stock Exchange in the coming days, two people

familiar with the matter said.

The chipmaker plans to submit a full application in August

and list at the end of October, though the timing could be

pushed back to December, said the people.

Kioxia said it has no update on its initial public offering

(IPO) plans and declined to comment on its listing procedures.

Bain, which led a consortium that acquired the memory unit

of Toshiba in 2018, aims to recover capital by selling shares,

with Kioxia planning to raise capital by issuing new shares, the

people said.

Mitsubishi UFJ Morgan Stanley Securities (MUMSS) and Nomura

Securities are advising on the listing, the people said.

Bain, MUMSS and Nomura declined to comment.

Kioxia hopes to capitalise on improving market conditions,

the people said.

It postponed an IPO plan in 2020 amid uncertainty in the

global chip market due to trade tensions between the U.S. and

China.

At that time, Kioxia targeted a market capitalisation of

over 2 trillion yen ($12.68 billion), later reduced to 1.7

trillion yen.

Kioxia's operating loss widened to 253 billion yen in the

year ended March even as the chipmaker reported its first

profitable quarter in six quarters due to higher chip prices.

Average selling prices rose by around 20% on a U.S. dollar

basis in the January-March quarter, Kioxia said in May.

Investment in servers for artificial intelligence tasks and

replenishment of inventory by smartphone and PC customers are

boosting prices, said researcher TrendForce.

Kioxia was in merger talks with Western Digital ( WDC ) last

year but they stalled due to opposition from Kioxia investor SK

Hynix ( HXSCF ), Reuters has reported, though many in the

industry still see consolidation as needed.

Kioxia said last week it had refinanced loans worth some 540

billion yen and secured an additional 210 billion yen loan

facility.

($1 = 157.7700 yen)