Filings: China-based chipmaker YMTC's application to list its shares on Shanghai's STAR Market has been accepted, setting the stage for a $4.9B share sale (Reuters)

China’s leading NAND flash maker Yangtze Memory Technologies Co. (YMTC) has received approval to list its shares on Shanghai’s STAR Market, paving the way for a primary offering of up to 4.9 billion U.S. dollars. The IPO will be managed by a consortium of domestic banks and aims to raise capital to expand production capacity and fund research into advanced memory technologies.