Sources: Chinese memory chipmaker Changxin is delaying its Shanghai IPO for a more favorable market and instead plans to raise funds at a ~$19.5B valuation (Dong Cao/Bloomberg)

December 12, 2023

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Dong Cao / Bloomberg:

Sources: Chinese memory chipmaker Changxin is delaying its Shanghai IPO for a more favorable market and instead plans to raise funds at a ~$19.5B valuation — – Government-backed Changxin put Shanghai IPO on the backburner — Changxin among the firms key to China’s goal of matching US

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