YMTC’s $4.9 Billion Shanghai IPO Put on Hold, Sources Say
The reported hold affects a major proposed semiconductor listing, though the source provides no timing or terms.
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10:56:57 AM UTC
SquawkNews
EXCLUSIVE-Chinese chipmaker YMTC puts IPO on hold as weaker markets weigh, sources say YMTC parent s
10:57:02 AM UTC
SquawkNews
Chinese flash-memory chipmaker Yangtze Memory Technologies Co (YMTC) has put its Shanghai IPO on hold, according to a company memo and people with knowledge of the matter, as regulators tighten approval for share sales in a struggling stock market.CCSH Corporation, the parent of Chinese flash-memor…