Shanghai Accepts YMTC's STAR Market Listing Application

Chinese Memory-Chipmaker YMTC Parent Files for $4.9 Billion IPO

Chinese Memory-Chipmaker YMTC Parent Files for $4.9 Billion IPO - China’s leading NAND producer moves toward one of the Shanghai STAR Market’s biggest debut after rival CXMT’s blockbuster listing

NAND maker YMTC’s RMB33 billion Shanghai IPO application accepted · TechNode

Yangtze Memory Technologies Holdings, China’s NAND flash memory maker, has had its application to list on Shanghai’s STAR Market accepted. The company plans to raise RMB33 billion (US$4.9 billion), which would make the offering one of the largest in the market. The proceeds are expected to support production-line upgrades and research and development. Acceptance moves YMTC into a formal IPO process but does not mean that the company has received…

Shanghai accepts YMTC's STAR Market listing application

China's largest NAND flash maker is moving toward a major Shanghai listing, but global investors will be watching more than the size of the deal. YMTC's IPO comes as chip demand rises, US export controls bite, and memory markets remain highly cyclical, raising questions about whether its rapid profit surge can last.

Chinese Chip Maker YMTC Seeks $4.9 Billion IPO

China’s flagship memory chip maker filed for an initial public offering in Shanghai that is set to be among the country’s biggest share sales by a semiconductor maker in years.