YMTC reportedly seeks $5 billion IPO as it sets NAND target

YMTC is seeking to raise $5 billion in a Shanghai initial public offering, according to the supplied Financial Times summary. The report says the NAND flash maker told investors during IPO-preparation meetings that it aims to become the largest NAND supplier by the end of 2027, overtaking Samsung and SK Hynix. The summary does not establish that an IPO has been filed, approved or completed.