China’s Changxin Memory mulls local IPO at $14.5 bln valuation: Report

China’s Changxin Memory Technologies Inc (CXMT) plans to file for a domestic initial public offering that could value the memory chip maker at more than $14.5 billion, Bloomberg News reported on Thursday.

CXMT plans to list on Shanghai’s Nasdaq-style STAR board this year, the report said, citing people familiar with the matter, adding that the company is in the process of picking underwriters and has not yet finalized the size of the IPO.