Hitachi says hard drive unit preparing for U.S. IPO

TOKYO, Nov 2 (BestGrowthStock) – Hitachi Ltd (6501.T: ), Japan’s
biggest electronics conglomerate, said on Tuesday that its hard
disk drive unit is preparing to list shares on either the New
York Stock Exchange or Nasdaq.

Hitachi Global Storage Technologies (HGST) and its parent
company will decide the timing of the initial public offering
based on economic and market conditions, Hitachi said.
(Reporting by Sachi Izumi; Editing by Edmund Klamann)

Hitachi says hard drive unit preparing for U.S. IPO