CCSH Corporation, the parent entity of Yangtze Memory Technologies Corporation (YMTC), has officially initiated the process for a public listing on the Shanghai Stock Exchange’s Star Market. According to a prospectus released on Friday, the company plans to issue between 1.98 billion and 2.43 billion shares. This offering represents approximately 10 to 12 percent of the company’s enlarged share capital. Additionally, the filing includes an overallotment option for an extra 15 percent of shares, suggesting the potential for a record-breaking valuation within China’s semiconductor sector.

YMTC is widely recognized as China’s most prominent manufacturer of NAND flash memory, a critical component in data storage for smartphones, computers, and enterprise servers. The move to list the parent company comes as China continues to prioritize domestic self-sufficiency in chip manufacturing amid ongoing international trade restrictions and export controls. By tapping into the Shanghai Star Market—often referred to as China’s equivalent to the Nasdaq—CCSH aims to secure significant funding to expand its production capacity and research capabilities. While the prospectus outlines the scale of the share sale, it does not specify the exact total capital the company expects to raise, leaving market analysts to speculate on the final valuation based on the high demand for domestic semiconductor stocks.