MagnaChip Semiconductor, the former analog and mixed-signal semiconductor business of LG, postponed its IPO on Wednesday citing of poor market conditions. The Seoul-based company was founded in 2004 and booked $560 million in sales for the 12 months ended Dec. 31, 2009. Goldman, Sachs & Co., Barclays Capital, and Deutsche Bank Securities were set to be the lead underwriters on the deal.
