News / Korea / yonhap_finance
China's YMTC Advances IPO Process with Shanghai Stock Exchange Inquiry
Electronic Technology · Semiconductors · yonhap_finance · 2026-09-04
YMTC, China's leading flash memory manufacturer, has moved to the inquiry phase of its IPO, signaling steady progress despite market liquidity concerns.
What Happened
IPO Progress: YMTC, China's top flash memory producer, has officially entered the inquiry phase of its IPO process just 13 days after filing. The Shanghai Stock Exchange issued its first set of questions to the company, indicating that the listing is proceeding on schedule.
Capital Raising Goals: The company aims to raise approximately 33 billion yuan (about $4.6 billion) through this public offering. These funds are earmarked for upgrading production facilities and accelerating research and development initiatives.
Market Sentiment: Despite initial concerns that the regulator might slow down the process due to market liquidity constraints following the CXMT IPO, the current timeline remains consistent with other recent market listings. Analysts note that the process is moving at a standard pace for the current regulatory environment.
Next Steps: YMTC is expected to respond to the exchange's inquiries within the coming weeks. Following the submission of their responses, the company will move into the formal review stage, where regulators will weigh the need for domestic capital support against broader market conditions.
Read original
More in Electronic Technology
Electronic Technology · yonhap_finance · 2026-09-04
SKC is injecting 281 billion KRW into its subsidiary Absolics to fast-track the commercialization of next-generation glass substrates for semiconductors.
011790
Electronic Technology · economic_daily · 2026-09-04
Foundry giant UMC reported an August revenue of NT$25.04 billion, marking a 5.04% monthly increase and a 30.71% year-over-year gain, driven by robust demand.
2303
Electronic Technology · economic_daily · 2026-09-04
Taiwan's stock market rebounded strongly on Friday, with institutional investors net buying over NT$62 billion, led by gains in AI and passive component sectors.
00631, 00685, 2308, 2317, 2324, 2327, 2330, 2356, 2382, 2408, 2409, 2454, 2472, 2478, 2492, 3026, 3037, 3090, 3231, 3624, 3711, 6173, 6669, 8042
Latest in Korea
yonhap_finance · 2026-09-04
South Korean government bond yields largely trended downward, with the 3-year benchmark closing at 3.884% as mid-to-long-term tenors saw notable declines.
Electronic Technology · yonhap_finance · 2026-09-04
SKC is injecting 281 billion KRW into its subsidiary Absolics to fast-track the commercialization of next-generation glass substrates for semiconductors.
011790
Finance · yonhap_finance · 2026-09-04
A summary of the KOSPI 200 index options market data for September 2026, including opening prices, closing prices, and trading volumes as of the 4th.
Finance · yonhap_finance · 2026-09-04
A summary of KOSPI 200 index futures market data as of 3:45 PM on the 4th, covering key maturity dates and trading volumes.