China's Changxin Memory delays IPO, eyeing valuation of $19.5b

China's Changxin Memory delays IPO, eyeing valuation of $19.5b

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

Chinese chip maker Changxin Memory Technologies Inc (CXMT) is delaying its initial public offering (IPO) and will consider raising funds at a valuation of 140 billion yuan ($19.51 billion), Bloomberg News reported on Monday.

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