YMTC Holding moves into STAR Market inquiry stage with record 33 billion yuan IPO plan
Yangtze Memory Technologies Holding Co., Ltd., or YMTC Holding, has moved a step further in its planned listing on Shanghai’s STAR Market. The Shanghai Stock Exchange website showed on Sept. 3 that the company’s IPO review status changed from "accepted" to "under inquiry," just 13 days after its application was accepted on Aug. 21. The company plans to raise 33 billion yuan, a figure that would set a new record for proposed fundraising on the STAR Market, topping ChangXin Memory Technologies’ 29.5 billion yuan and Semiconductor Manufacturing International Corp.’s 20 billion yuan. CITIC Securities and CSC Financial are serving as joint sponsors. According to Counterpoint Research, YMTC Holding reached a 14% share of global NAND bit shipments in the second quarter of 2026, surpassing Kioxia and Micron for the first time and ranking third worldwide behind Samsung Electronics at 25% and SK hynix at 22%. Shipment volume rose 22% year over year. The prospectus also shows that the company’s second-phase production line is already running at full capacity, while construction of a third-phase project is advancing. Of the funds to be raised, 20.8 billion yuan is earmarked for production line technology upgrades and 12.2 billion yuan for research and development-related projects.








