ChangXin Memory is set to go public on July 27, raising $29.5 billion, becoming Asia's largest IPO this year.

According to Winston Beat monitoring, Reuters reported, citing sources familiar with the matter, that Yangtze Memory Technologies Co., Ltd. plans to list on the Shanghai Stock Exchange on July 27 and started the price inquiry on July 15, aiming to raise 29.5 billion yuan.

If successful, this will be Asia's largest IPO this year and the largest semiconductor IPO in the A-share market since SMIC's listing in 2020.

Yangtze Memory is the world's fourth-largest DRAM manufacturer, with a market share of about 7.7% in 2025. The fundraising will be used to upgrade production lines and technology.