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YMTC Files for $4.9 Billion IPO in Shanghai

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YMTC, a Chinese memory chipmaker, has filed for an Initial Public Offering (IPO) on the Shanghai Sci-Tech Innovation Board, aiming to raise approximately CNY 330 billion (around USD 6.8 trillion). The company plans to use the funds to upgrade its production lines and fund research and development. After the listing, YMTC's market capitalization is expected to reach up to CNY 3300 billion (around USD 680 billion). This move follows the successful IPO of CXMT earlier this year.

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5 Sources

  1. DongA.com avatar

    DongA.com

    RSS / @rss.donga.com/international.xml

    삼전닉스 추격 中낸드 제조사 YMTC, ‘6.8조 실탄’ IPO 시동 중국 메모리 반도체 기업 양쯔메모리테크놀로지(YMTC)가...

  2. Bloomberg Japan ブルームバーグニュース avatar

    Bloomberg Japan ブルームバーグニュース

    X / Twitter / @BloombergJapan

    中国半導体メモリー大手また上場へ、YMTCが7800億円規模のIPO計画 https://t.co/suvKZONUCZ

  3. WSJ Markets avatar

    WSJ Markets

    X / Twitter / @WSJmarkets

    Chinese Chip Maker YMTC Seeks $4.9 Billion IPO https://t.co/MAtZeUCKJr

  4. Quartz avatar

    Quartz

    RSS / @qz.com/rss/all

    Chip maker YMTC is filing for a $4.9 billion IPO on Shanghai's stock m...

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