Chinese Flash-Memory Chipmaker YMTC Plans to Raise $4.9 Billion in Shanghai IPO
7 Articles
7 Articles
(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = Among China's two major memory manufacturers challenging Samsung Electronics and SK Hynix, following Changxin Technology (CXMT) in the DRAM sector, NAND...
YMTC parent seeks 33 billion yuan in Shanghai IPO after profit surge
The parent company of Chinese memory-chip maker Yangtze Memory Technologies, or YMTC, plans to raise 33 billion yuan through a Shanghai initial public offering, with most of the money earmarked for upgrading mass-production lines. The Shanghai Stock Exchange accepted the application on 21 August. Acceptance starts the exchange review. It does not mean the IPO has been approved, priced or completed. The preliminary prospectus covers an issue of b…
The shortage of memory components is creating new giants... on China's side. Because after CXMT, it's YMTC that's going to make a bustling stock market entry!
YMTC measure that will list shares in the Shanghai stock exchange, can place offer among the largest already made in the market
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