Zhitong Finance App learned that according to media reports quoting people familiar with the matter, Changjiang Storage Technology, the largest flash memory chip manufacturer in China, plans to conduct an initial public offering (IPO) on the Shanghai Stock Exchange as early as the first quarter of 2027. The Wuhan-based company's plans to go public on the Shanghai Science and Technology Innovation Board are still in progress.
Earlier, according to reports from people familiar with the matter, Changjiang Storage has suspended its Shanghai IPO because regulators have tightened approval for stock issuance at a time when the stock market is sluggish, and this delay may last for several months.
According to data, Changcun Holdings, the parent company of Changjiang Storage, submitted an IPO application to the Shanghai Science and Technology Innovation Board in August this year and plans to raise 33 billion yuan. The company originally planned to launch an IPO strategic placement process from the end of October to the beginning of November.
Looking at the industry position, according to Counterpoint Research's storage market tracking and forecast, in the second quarter of 2026, Changjiang Storage rose to third place in the world according to NAND shipments, after Samsung Electronics and SK Hynix, surpassing Kioxia and Micron. If the shipment volume of SoliDigm, a subsidiary of SK Hynix, is divested and calculated, Changjiang Storage's ranking will be further elevated to second place.
Overall, Changjiang Storage's IPO application is still in the review process, but the final execution time still depends on the regulatory approval process and market environment.