Credit: Shutterstock photoACM Research, which sells single-wafer wet cleaning equipment to semiconductor manufacturers, raised $11 million by offering 2.0 million shares at $5.60, below the range of $7.50 to $9.50. ACM Research plans to list on the Nasdaq under the symbol ACMR. Roth Capital acted as a lead manager on the deal.
The article Chip equipment maker ACM Research prices IPO at $5.60, below the range 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.
