News Chinese memory manufacturer seeks $19.5 billion in funding, postpones IPO to a later date

[Admin]

Chinese memory manufacturer CXMT is reportedly seeking $19.5 billion in funding, based on its valuation, and postponing a previously planned IPO to a later date

Chinese memory manufacturer seeks $19.5 billion in funding, postpones IPO to a later date : Read more

 

[DougMcC]

seeks $19.5 billion in funding​

Instead, the company is looking to raise money from investors aiming for a valuation of about ¥140 billion ($19.5 billion)

These are not equivalent statements. They are seeking to raise money from investors. The amount of money raised would value the company at 19.5B. This would typically mean that they are raising perhaps 1.95B for 10% of their stock.