Yangtze Memory has completed the IPO counseling acceptance process, clearing a key preparatory milestone for a potential Shanghai listing. The Chinese NAND flash memory maker completed its IPO counseling registration in May, and the latest status change was disclosed on Aug. 19.
The milestone does not mean that Yangtze Memory has received listing approval. It marks the completion of an important pre-IPO process as the company moves closer to submitting further listing documents and pursuing a public offering. [[Caixin], in Chinese]