Credit: Shutterstock photoACM Research, which sells single-wafer wet cleaning equipment to semiconductor manufacturers, announced terms for its IPO on Wednesday.
The Fremont, CA-based company plans to raise $17 million by offering 2 million shares at a price range of $7.50 to $9.50. At the midpoint of the proposed range, ACM Research would command a fully diluted market value of $148 million.
ACM Research was founded in 1998 and booked $34 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol ACMR. Roth Capital is the sole bookrunner on the deal. IPO timing was not disclosed.
The article Semiconductor cleaning equipment producer ACM Research sets terms for $17 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
