Fremont, California-based ACM Research, a provider of advanced wafer cleaning technologies, has debuted its IPO after pricing its two million shares at $5.60 per share. The stock began trading November 3, 2017 on the NASDAQ under the ticker symbol “ACMR” Roth Capital Partners is the lead underwriter. ACM Research’s pre-IPO backers included Shanghai Science and Technology Venture Capital.
FREMONT, Calif., Nov. 03, 2017 (GLOBE NEWSWIRE) — ACM Research, Inc. announced today the pricing of its initial public offering of 2,000,000 shares of its Class A common stock at a price to the public of $5.60 per share, before underwriting discounts and commissions. The shares are expected to begin. trading on The Nasdaq Global Market Stock Exchange on November 3, 2017 under the symbol “ACMR.” In addition, ACM Research has granted the underwriters a 30-day option to purchase up to 300,000 additional shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
Roth Capital Partners is acting as sole book-running manager for the offering. Craig-Hallum Capital Group and The Benchmark Company are acting as co-managers for the offering.
A registration statement relating to and describing the terms of the offering was declared effective by the U.S. Securities and Exchange Commission on November 2, 2017. The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering, when available, may be obtained from Roth Capital Partners, Attn: Prospectus Department, 888 San Clemente Drive, Suite 400, Newport Beach, California 92660, telephone: 1-800-678-9147 or by accessing the SEC’s website, www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ACM Research, Inc.
ACM Research Inc. develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield, in fabricating advanced integrated circuits.