Reuters: YMTC IPO Expected to Raise 33 Billion Yuan, to Issue 1.98 Billion to 2.43 Billion New Shares

BlockBeats News, August 24th, according to Reuters, China's largest flash memory chip manufacturer Yangtze Memory Technologies (YMTC)'s parent company, Yangtze Memory Storage Technology Holdings (CCSH Corporation), has had its listing application on the Shanghai Stock Exchange STAR Market accepted, with the market expecting the company to go public next year. This IPO is expected to raise 33 billion yuan (about $4.9 billion).

CCSH plans to issue 1.98 billion to 2.43 billion new shares. The prospectus shows that the company's revenue in the first quarter of 2026 (January to March) reached 47 billion yuan, nearly 5 times year-on-year growth; net profit was 33.38 billion yuan, more than twice the full-year net profit of 14.21 billion yuan in 2025. At the same time, YMTC's factories are currently operating at nearly full capacity and are continuously increasing sales in the tight supply NAND flash market. In the first quarter of 2026, the average selling price of NAND flash reached 2.73 times the average level of 2025, and the gross margin also increased significantly from 35.3% in 2025 to 76.8%.

CCSH plans to use 20.8 billion yuan of the funds raised in this listing to expand production lines, with an additional 12.2 billion yuan for the research and development of next-generation NAND flash and high-speed storage products.