A Chinese investment firm that is the largest shareholder of PC maker Lenovo is planning to go public in the second half of this year, according to news reports.
The Wall Street Journal and IFR Markets, a Thomson Reuters publication, citing people familiar with the matter, report that Legend Holdings hopes to raise up to $3 billion with an initial public offering.
Legend holds a 30.6 percent stake in Lenovo, according to The Wall Street Journal.
Lenovo, a publicly traded company based in China, is the world’s No. 1 maker of PCs. Lenovo also has a headquarters in Morrisville that employs about 3,500 workers.
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Legend’s former chairman, Liu Chuanzhai, said in 2012 that the company planned to go public sometime between 2014 and 2016. A timeline on the company’s website also points to becoming a publicly “listed holding company” in its future.