Chinese flash memory chipmaker YMTC says it officially initiated a pre-listing tutoring process with local brokers, marking the first formal step toward an IPO (Bloomberg)

Bloomberg: Chinese flash memory chipmaker YMTC says it officially initiated a pre-listing tutoring process with local brokers, marking the first formal step toward an IPO — Yangtze Memory Technologies Co. has begun the process for a long-awaited initial public offering, tapping red-hot demand …