Parent Company of长江存储 Applies for IPO on Shanghai Sci-Tech Innovation Board, Seeks to Raise $4.9 Billion

Investors typically watch as the parent company of China's NAND flash memory giant, Yangtze Memory Technology (YMTC), plans to apply for an Initial Public Offering (IPO) on the Shanghai Sci-Tech Innovation Board. The company, CCSH Corporation (CCSH), aims to raise approximately $4.9 billion through this process.