Hitachi Global Storage Technologies to commence preparation for an initial public offering
TOKYO & SAN JOSE, Calif.--- Hitachi, Ltd. and Hitachi Global Storage Technologies, its wholly owned subsidiary, today announced that Hitachi GST has commenced preparation to make its initial public offering with a listing on the New York Stock Exchange or National Association of Securities Dealers Automated Quotations in cooperation with Hitachi.
Hitachi GST is trying to redefine the consumer external hard drive with its LifeStudio products, which include local and cloud backup, document and multimedia content management, a 3D wall eye-candy interface and an attached USB stick.