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Market Chatter: YMTC Begins Pre-IPO Tutoring

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Yangtze Memory Technologies or YMTC has begun preparing for its planned initial public offering on the Shanghai Stock Exchange, Bloomberg News reported on Tuesday, citing a company statement.

The Chinese chipmaker tapped local brokers CITIC Securities and CSC Financial for the pre-listing tutoring process, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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