Report
YMTC's Shanghai IPO reportedly on hold
YMTC's parent filed to raise $4.9 billion in August; a company memo says the IPO's strategic share placement is paused.
TLDR
YMTC's planned Shanghai IPO is reportedly on hold, with a company memo citing unspecified “various factors” for pausing strategic share placement. Two people familiar with the matter say the delay could last several months and expect a listing in the first half of 2027, subject to market conditions. Four people say China's securities regulator has informally urged investment banks to slow AI and chip IPOs.
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