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Imagination Technologies picks advisers for IPO in London or New York

californianewstimes.com, Nov. 18, 2021 – 

Imagination Technologies has appointed a bank to advise on next year's levitation as Chinese-backed owners are preparing to withdraw.

A British semiconductor designer specializing in graphics technology used in most smartphones in the world, including the Apple iPhone, is preparing to go public on the London or Nasdaq exchange four years after it goes public. ..

Barclays and Citi are lined up as global coordinators for the IPO, according to those familiar with the plan. The company is based near London, but people close to the process said it's a natural place to list Nasdaq, which offers higher rating potential.

As previously reported, we have excluded floats on Hong Kong or Chinese exchanges, according to those who know the plan directly.

Previously listed in London, Imagination has grown into a £ 1 billion worth of graphics technology business, but had the ambition to take on local rival Arm Holdings in the design of computer chips.

However, it fell in value as it lost Apple as a customer and increased losses before it was sold to Beijing-based private equity firm Canyon Bridge for £ 550 million in 2017.

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