Chuanchangxin Storage seeks an IPO with a valuation of over 100 billion yuan

Source: Tiantian IC

     According to Bloomberg, Changxin Storage is seeking an IPO with a valuation of over $14.5 billion. Changxin Storage is currently the largest manufacturer of DDR4 and LPDDR4 memory chips in China.

     According to insiders, Changxin Storage plans to list on the Science and Technology Innovation Board of the Shanghai Stock Exchange at a valuation of no less than 100 billion yuan (14.5 billion US dollars). Insiders say it is currently selecting underwriters and the size of its IPO has not yet been finalized.

    The report points out that given that the Baid government is planning a campaign to prevent Chinese companies from acquiring cutting-edge technology from designing software to manufacturing equipment, it is currently unclear how investors will evaluate Changxin Storage‘s IPO.

    In addition, the plan is still in the preliminary stage and may change depending on market fluctuations.

    The report stated that a representative of Changxin Storage declined to comment on the IPO plan and stated that the company is currently focused on research and its core business.