Changjiang Storage released its first-time public offering of stock and listing guidance filing report.

On May 19, according to the website of the China Securities Regulatory Commission, Yangtze Memory Technologies Co., Ltd. is processing guidance filing registration with the Hubei Securities Regulatory Bureau, intending to make an initial public offering of shares and go public. The lead underwriter is CITIC SEC. As the only domestic 3D NAND manufacturer, Yangtze Memory is a wholly-owned subsidiary of ChangXin Memory Technologies Group. In the "2025 Global Unicorn List" released by the Hurun Research Institute, Yangtze Memory was valued at 160 billion yuan and entered the list for the first time, ranking 9th among China's top ten unicorns and 21st globally, becoming the highest-valued newcomer unicorn in the semiconductor industry. To further expand production capacity and technological advantages, on September 5, 2025, Yangtze Memory and Hubei Changsheng Third Phase jointly invested 20.72 billion to establish ChangXin Third Phase (Wuhan) Integrated Circuit Co., Ltd., with Yangtze Memory investing 10.4 billion and holding 50.1931% of the shares, and Hubei Changsheng Third Phase investing 10.32 billion and holding 49.8068% of the shares.