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YMTC Presses Ahead With Q1 2027 IPO, Seeking $4.7 Billion

Yangtze Memory Technologies Co. (YMTC), China’s largest NAND flash memory maker, is moving ahead with its initial public offering (IPO), targeting a listing in the first quarter of 2027.

  • Yangtze Memory Technologies plans Q1 2027 IPO to raise $4.7 billion
  • IPO approved by Shanghai Stock Exchange in August
  • Company aims to become world's largest NAND flash maker by end of 2027

South Korea’s Fiscal Deficit Narrows to 8-Year Low on Corporate Tax Surge

South Korea’s managed fiscal balance, a key indicator of the government’s underlying fiscal position, posted a deficit of 32 trillion won, or approximately $23.97 billion, in the first nine months of…

  • South Korea's fiscal deficit narrowed to 8-year low of 32 trillion won in 2023.
  • Corporate tax revenue surged by 51.9 trillion won, reaching 127.8 trillion won.

Why CoreWeave Stock Skyrocketed Today

New financing options could reduce the cost of the neocloud's expansion.

  • CoreWeave shares surged 25% on strong Q3 results
  • Revenue jumped 168% year-over-year to $3.66 billion
  • CFO plans to reduce reliance on unsecured bond financing

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