SynopsisThe move sets the stage for a 33 billion yuan ($4.9 billion) share sale on Shanghai's Nasdaq-style STAR Market, that would rank among the market's biggest-ever offerings, the exchange said.ReutersYMTC (Yangtze Memory Technologies) logo and a computer motherboard are seen in this illustration taken April 14, 2026. REUTERS/Dado Ruvic/IllustrationChinese chipmaker Yangtze Memory Technologies Corp's (YMTC) application to list its shares in Shanghai has been accepted by the financial hub's stock exchange, filings showed on FridayThe move sets the stage for a 33 billion yuan ($4.9 billion) share sale on Shanghai's Nasdaq-style STAR Market, that would rank among the market's biggest-ever offerings, the exchange said.The listing follows recent blockbuster flotations by other Chinese technology champions, including memory chip maker ChangXin Memory Technologies, or CXMT, and robotics company Unitree. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
Chinese flash-memory chipmaker YMTC plans to raise $4.9 billion in Shanghai IPO - The Economic Times
The move sets the stage for a 33 billion yuan ($4.9 billion) share sale on Shanghai's Nasdaq-style STAR Market, that would rank among the market's biggest-ever offerings, the exchange said.
TL;DRAI
YMTC (Chinese NAND chipmaker) received approval for a $4.9B IPO on Shanghai's STAR Market. The listing signals capital to expand memory capacity, reinforcing China's semiconductor self-sufficiency and impacting global memory pricing and supply chain decisions.
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