hitachi ltd,hitachi india ,Hitachi Ltd (6501.T) (HIT.N) is planning an initial public offering of its hard-drive unit in the United States,

Hitachi Ltd (6501.T) (HIT.N) is planning an initial public offering of its hard-drive unit in the United States, possibly by year’s end, sources familiar with the situation said.Hitachi about an IPO of the world’s No. 3 hard-drive maker, several sources said.

The stock float would be in the United States and could happen by year’s end, the sources said. Goldman Sachs has unofficially been named one of the underwriters on the IPO, the sources said. Although an IPO is the most likely scenario, Japan-based Hitachi is also considering a sale of all or part of the hard-drive unit, several sources said. Hitachi has said it has not made any decisions but continues to explore possibilities.

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