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Mori Hamada & Matsumoto and Davis Polk & Wardwell are advising Japanese chipmaker Kioxia on its planned 100-billion-yen ($645 million) IPO, with Anderson Mori & Tomotsune and Simpson Thacher & Bartlett representing the international managers.

According to Reuters, the Bain Capital-backed Kioxia is the first company to have chosen to operate under new rules in Japan which allow firms to communicate with potential investors in the IPO before receiving listing approval from the Tokyo Stock Exchange.

It added that the IPO registration marked a fresh attempt to go public. Bain scrapped plans for an IPO in October after investors pushed the U.S. buyout firm to almost halve the 1.5-trillion-yen ($9.8 billion) valuation it was seeking.

Morgan Stanley, Nomura and BofA Securities are joint global coordinators for the IPO.

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