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Imagination Technologies IPO years away, but China listing a top option
- Tuesday | 28th April, 2020
LONDON (Reuters) – Chinese-backed Imagination Technologies is at least three years away from a flotation because the chip designer’s finances are so poor, but an eventual listing in Shanghai is a top option, a source with knowledge of the plans told Reuters. Imagination Technologies declined to comment. “Last year it (Imagination) was significantly not profitable.”Still, Canyon Bridge invested an additional $50 million in the company. A listing in China is “certainly a focus area,” the source said. A Shanghai listing would require Imagination to change its domicile to China, although the source said the headquarters and the technology base of the company would remain in Britain.
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