China’s top flash-memory chipmaker YMTC begins pre-IPO coaching with investment bank

BEIJING: China’s top flash memory chipmaker YMTC has begun the so-called “tutoring” process for a potential initial public offering, where a company receives formal pre-IPO guidance from an ‌investment bank, ⁠a ⁠regulatory filing showed on Tuesday.

Yangtze Memory Technologies Co (YMTC) has hired CITIC Securities, a Chinese state-owned investment bank, to guide its IPO preparation ahead of a potential stock market listing.