Yangtze Memory Technologies is still advancing its listing plan and may debut on Shanghai's STAR Market as early as the first quarter of next year.

November 12 — China's largest flash memory manufacturer, Yangtze Memory Technologies, was reported last week to potentially delay its listing, but the company is reportedly still advancing its initial public offering (IPO) plan, aiming to list on Shanghai's STAR Market as early as the first quarter of next year.

Bloomberg on Wednesday (November 11) cited people familiar with the matter as saying that Wuhan-based Yangtze Memory is still pushing forward with its listing plan, striving to list on the Shanghai Stock Exchange's STAR Market as early as the first quarter of 2027.

Reuters on November 4 cited internal company memos and people familiar with the matter as reporting that Yangtze Memory's listing plan could be delayed by several months, with a listing expected in the first half of next year, depending on market conditions. But Bloomberg's latest report shows that the work is still underway.

Yangtze Memory entered the next stage of listing review in September this year, planning to raise 33 billion yuan (about S$6.3 billion). The Shanghai Stock Exchange issued its first round of review inquiries to the company in early September, officially launching the listing review process.