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YMTC Reportedly Pauses Shanghai STAR Mkt IPO Plan
2026-11-05 09:21:24 Yangtze Memory Technologies Co. (YMTC) has paused its planned IPO in Shanghai after Chinese regulators tightened IPO approvals amid a downbeat stock market, Reuters, citing internal memos and sources, reported. YMTC's parent company Yangtze Memory Technology Holdings submitted an IPO application to the Shanghai STAR Market in August, targeting to raise RMB33 billion. An internal memo from YMTC mentioned that the IPO plan had been suspended due to multiple factors, but did not specify the exact reasons for the delay. Sources said the postponement could last several months, with the listing potentially delayed to 1H27 depending on market conditions. ~ AASTOCKS Financial News Website: www.aastocks.com | |