YMTC Advances IPO Plans with Pre-Listing Guidance Complete

Yangtze Memory Technologies Co., a Chinese NAND flash maker, is pushing ahead with an initial public offering (IPO) in China. The company has completed the pre-listing guidance process for a domestic stock listing and has established the corporate governance, accounting framework, and internal control systems required of listed firms.

The pre-listing guidance process is a step towards formal IPO preparations, which involve working with securities firms to review accounting and management systems before submitting an application. Finishing this step does not guarantee a listing, but it shows YMTC's progress.

YMTC still needs to complete an exchange application and audit, a listing committee review, and registration with the securities regulator before it can go public. On Shanghai's STAR Market, the technology-focused board, the process typically takes eight to 12 months from guidance registration to listing, which points to a YMTC debut in the first half of 2027.