The Yangtze River Storage is planning to complete its IPO as early as next year, seeking a valuation of up to 300 billion yuan.

According to media reports quoting informed sources, Yangtze Memory Technologies Co., Ltd. (YMTC), is considering an initial public offering (IPO) in mainland China, with a valuation potentially exceeding $40 billion USD, making it one of the largest IPOs in China in recent years. Informed sources revealed that YMTC may seek a valuation of 200-300 billion yuan, and is working with CICC and China Securities Co., Ltd. on the potential IPO plan, with the earliest possible IPO date being next year. Public information shows that YMTC was established in July 2016, headquartered in Wuhan, Hubei Province. It is a storage IDM company that integrates chip design, production, packaging, testing, and system solution products. The company provides 3D NAND flash wafers and grains, embedded storage chips, consumer-grade and enterprise-grade solid-state drives, which are widely used in mobile communications, consumer electronics, computers, servers, and data centers. The report also mentioned that ChangXin Technologies is also planning to go public in China, with CICC and China Securities Co., Ltd. as its advisory institutions. This month, they have completed the guidance work for listing, with a target valuation of 200-300 billion yuan. Informed sources added that the IPO details of these two Chinese storage chip manufacturing leaders are still in the preliminary stage and may change. Furthermore, there were reports yesterday that ChangXin Storage, a subsidiary of ChangXin Technologies, plans to IPO in Shanghai as early as the first quarter of next year, with a target valuation of up to 300 billion yuan. They plan to raise 20-40 billion yuan through this stock offering, and may announce the prospectus to investors as early as November this year. It is reported that ChangXin Storage started listing guidance in July this year, with CICC and China Securities Co., Ltd. as its advisory institutions. Representatives from YMTC, ChangXin Technologies, and the financial institutions mentioned above did not respond to requests for comment.