Yangtze Memory Technologies Corp. IPO Expected to Raise 33 Billion Yuan, Issuing 1.98 to 2.43 Billion New Shares

Yangtze Memory Technologies Corp. (YMTC) has had its listing application accepted on the STAR Market of the Shanghai Stock Exchange, with an expected IPO next year. The IPO is anticipated to raise 33 billion yuan (approximately 4.9 billion USD). CCSH plans to issue between 1.98 billion and 2.43 billion new shares. According to the prospectus, revenue in the first quarter of 2026 is projected to reach 47 billion yuan, nearly five times year-on-year growth; net profit is expected to be 33.38 billion yuan, more than double the net profit of 14.21 billion yuan for the entire year of 2025. YMTC's factories are operating at near full capacity and continue to expand sales in the tightening NAND flash memory market. The average selling price of NAND flash in the first quarter of 2026 is expected to reach 2.73 times the average level of 2025, with gross profit margin increasing from 35.3% in 2025 to 76.8%. CCSH plans to allocate 20.8 billion yuan for expanding production lines and 12.2 billion yuan for research and development of the next generation of NAND flash and high-speed storage products.

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