By Eduardo Baptista
BEIJING, Aug 21 (Reuters) – Chinese chipmaker Yangtze Memory Technologies Corp’s (YMTC) application to list its shares in Shanghai has been accepted by the financial hub’s stock exchange, filings showed on Friday
The move sets the stage for a 33 billion yuan ($4.9 billion) share sale on Shanghai’s Nasdaq-style STAR Market, that would rank among the market’s biggest-ever offerings, the exchange said.
The listing follows recent blockbuster flotations by other Chinese technology champions, including memory chip maker ChangXin Memory Technologies, or CXMT, and robotics company Unitree.
(Reporting by Yukun Zhang, Shi Bu and Ryan Woo; Editing by Sharon Singleton and David Holmes)
