The Chinese state-backed owner of Imagination Technologies has said it plans to return the UK chip designer to the public markets.
Ray Bingham, acting chief executive of Imagination and head of the private equity firm Canyon Bridge, which bought the UK business for ￡550m in 2017, said London, New York or Hong Kong were potential destinations for a listing.
“The objective would be an IPO over the next few years,” he said, adding that the company had been approached by the UK listing authorities about a possible return after Imagination won back Apple as a customer in January.
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