YMTC parent seeks $4.9bn Shanghai IPO on AI memory boom

IPOCCSH plans STAR Market listing after rising to the world's No. 3 NAND makerCCSH Corporation will list on Shanghai's STAR Market as the artificial intelligence boom brings a windfall to data center suppliers. (Photo by Shunsuke Tabeta)CHENG TING-FANG and PAK YIUAugust 22, 2026 02:17 JSTTAIPEI/NEW YORK -- CCSH Corporation, the parent of Chinese memory chip giant Yangtze Memory Technologies Corp (YMTC), announced Friday that it plans to raise at least 33 billion yuan ($4.9 billion) in a listing on the Shanghai Stock Exchange.