China's push to build domestic semiconductor capacity is keeping Yangtze Memory Technologies Co. on a path toward a public listing in Shanghai. The planned flotation could come as soon as the first quarter of 2027, according to people familiar with the matter.
Highlights
- Yangtze Memory Technologies Co. aims for a Shanghai Star board IPO as early as Q1 2027, according to Bloomberg sources.
- YMTC advanced its IPO process in September with a planned fundraising of 33 billion yuan (about $4.9 billion), though deal structure is unresolved.
- Conflicting reports from Bloomberg and Reuters reflect ongoing uncertainty regarding YMTC's IPO timeline amidst China's semiconductor sector ambitions.
Listing plan progresses toward Star board
As reported by Bloomberg, Yangtze Memory Technologies Co., the country's biggest NAND flash memory maker, is targeting an initial public offering on the Shanghai Stock Exchange as soon as the first quarter of 2027. The Wuhan-based company is pursuing a listing on Shanghai's technology-focused Star board, although the discussions remain private, the people said.The company moved to the next stage of the listing process in September, with a planned fundraising of 33 billion yuan, equivalent to about $4.9 billion. The timeline and structure are still being worked through as the IPO plan remains in progress.
Conflicting reports surround timetable
Last week, Reuters reported that the IPO was on hold, citing a company memo and people familiar with the matter. The latest account indicates the listing effort is still advancing, highlighting uncertainty around the exact timetable for one of China's most prominent memory chipmakers.A successful listing would rank among the more closely watched capital markets deals in China's semiconductor sector, where domestic manufacturers remain central to the country's technology and supply chain ambitions.
Earlier, we reported on Micron shares downside after technical indicators weakened following the stock’s June peak.
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