Capital Infrastructure
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.
Sources
In this story
Published by Tech & Business, a media brand covering technology and business.
This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
Back to Newswire