Yangtze Memory Initiates IPO Preparations with CITIC and CSC as Advisors

Deep News05-19 16:50

According to a disclosure on the website of the China Securities Regulatory Commission, Yangtze Memory Holding Co., Ltd. has filed for IPO tutoring and registration with the Hubei Securities Regulatory Bureau. The company plans an initial public offering and listing, with CITIC Securities and China Securities Co., Ltd. serving as its tutoring advisors.

Corporate records show the company was established in December 2016 with a registered capital of 17.82 billion yuan. The legal representative is Chen Nanxiang.

Headquartered in Wuhan, Hubei province, Yangtze Memory Group is a significant driving force in the domestic semiconductor industry's development. From an industrial perspective, the group has progressively established a synergistic industrial ecosystem encompassing business segments such as flash memory manufacturing, wafer foundry services, packaging and testing, industrial investment, park operations, and innovation incubation. This business system covers the entire value chain from product R&D and manufacturing to industrial investment and innovation incubation, collectively enhancing the group's overall strength.

Its wholly-owned subsidiary, Yangtze Memory Technologies Co., Ltd., was founded in July 2016 and is also headquartered in Wuhan, known as the "River City." It is an integrated device manufacturer (IDM) for memory, combining chip design, manufacturing, packaging and testing, and system solution products. Yangtze Memory provides global partners with products and solutions including 3D NAND flash memory wafers and chips, embedded storage chips, as well as consumer-grade and enterprise-grade solid-state drives. These are widely used in mobile communications, consumer electronics, computers, servers, and data centers.

In the latest "2025 Global Unicorn List" released by the Hurun Research Institute, Yangtze Memory made its debut with a valuation of 160 billion yuan. It ranked 9th among China's top ten unicorns and 21st globally, becoming the highest-valued new unicorn in the semiconductor industry.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment