YMTC Puts $4.9 Billion Shanghai IPO on Hold

CCSH, the parent of China’s largest NAND flash maker, Yangtze Memory Technologies (YMTC), has put on hold its proposed $4.9 billion Shanghai IPO, which had been expected to fund production expansion. The company cited “various factors” without elaboration; the delay comes amid a steep selloff in Chinese technology shares and reports that regulators have urged investment banks to slow semiconductor and AI listings. The offering could be postponed for several months, with a first-half 2027 listing considered possible depending on market conditions, potentially complicating YMTC’s capacity expansion plans.