Chinese flash-memory chipmaker YMTC plans to raise $4.9 billion in Shanghai IPO
Yangtze Memory Technologies Corp., commonly known as YMTC, has secured approval from Shanghai's stock exchange to list its shares in the market, according to recent filings. This development marks a significant milestone for the Chinese chipmaker as it prepares to embark on an ambitious $4.9 billion share sale on Shanghai's Nasdaq-style STAR Market.
The exchange's announcement underscores the magnitude of this offering, positioning it among the largest ever conducted on the market. The listing comes on the heels of other highly anticipated initial public offerings (IPOs) by prominent Chinese technology firms, such as memory chip maker ChangXin Memory Technologies (CXMT) and robotics company Unitree.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Chinese flash-memory chipmaker YMTC plans to raise $4.9 billion in Shanghai IPO economictimes.indiatimes.com
- Filings: China-based chipmaker YMTC's application to list its shares on Shanghai's STAR Market has been accepted, setting the stage for a $4.9B share sale (Reuters) reuters.com
- Chinese flash-memory chipmaker YMTC plans to raise $4.9 billion in Shanghai IPO channelnewsasia.com
