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China Chipmaker YMTC Seeks to Raise $4.9 Billion in Shanghai IPO

Chinese chipmaker Yangtze Memory Technologies Co., known as YMTC, plans to raise 33 billion yuan ($4.9 billion) in a Shanghai initial public offering, following in the footsteps of rival CXMT Corp.’s near-record share sale.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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