🇨🇳 YMTC IPO Bid Accepted

🇨🇳 YMTC IPO Bid Accepted China’s largest NAND flash maker YMTC said its STAR Market listing application in Shanghai has been accepted, with the company seeking to raise RMB330 billion, according to a prospectus filed with the Shanghai Stock Exchange. The Wuhan-based company said the proceeds will be used to upgrade production lines and strengthen research and development. YMTC turned profitable in 2024 and reported rapid earnings growth, with net profit reaching RMB33.4 billion in the first…