Woofun AI reports that Yangtze Memory Technologies Co., Ltd. is scheduled to list on the Shanghai Stock Exchange on July 27, having commenced price inquiries on July 15. The company aims to raise 29.5 billion yuan through the offering.

This transaction is projected to become Asia's largest initial public offering of the year and the biggest semiconductor IPO in the A-share market since SMIC's listing in 2020. As the world's fourth-largest DRAM manufacturer with an estimated 7.7% market share in 2025, Yangtze Memory intends to utilize the proceeds for production line upgrades and technological advancement.