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)
China's leading flash memory chipmaker YMTC plans to raise 33 billion yuan ($4.91 billion) in its 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.
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Also reported by 1 other outlet
- Chinese flash-memory chipmaker YMTC plans to raise $4.9 billion in Shanghai IPO channelnewsasia.com
