Chinese chipmaker YMTC puts $4.9b IPO on hold in weak market

Chinese flash-memory chipmaker YMTC has reportedly put its $4.9 billion Shanghai IPO on hold amid tightened regulatory share sale approvals and a struggling stock market. Sources indicate the delay could last several months, potentially impacting capacity expansion plans for China's largest maker of NAND chips. The CSRC has also given informal guidance to investment banks to slow down IPOs by AI and chip companies as market conditions weaken. Open article →