China Chipmaker Yangtze Memory Is Said to Consider IPO Next Year

Yangtze Memory Technologies Co. is considering an initial public offering in mainland China at a valuation that could exceed $40 billion, according to people familiar with the matter, in what could be one of the biggest listings there in years.

YMTC, as the chipmaker is known, may seek a valuation of 200 billion yuan ($28 billion) to 300 billion yuan, and it’s working with China International Capital Corp. and CSC Financial Co. on the potential IPO, the people said, asking not to be identified as the information is private. An offering may take place as soon as next year, some ...