YMTC STAR Market IPO review officially accepted
• According to the Shanghai Stock Exchange, the review status for YMTC’s proposed IPO and listing on the STAR Market has been updated to “Accepted (已受理).”
• Planned issuance: 1.98–2.43 billion shares
• Fundraising target: RMB 33.0 billion
RMB 20.8 billion for upgrading and expanding mass-production lines
RMB 12.2 billion for R&D
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