acm research ipoACM Research Incorporation IPO (ACM Research IPO)

ACM Research IPO has finally received the nod from SEC. The company was incorporated in 1998, develops, manufactures and sells single wafer wet cleaning equipment which enhances the manufacturing process and yield for the integrated chip worldwide. It’s a Fremont, California based company. The company market its product under the brand name Ultra C directly through sales force and third party representatives.

According to the reports of Transparency Market Pvt. Ltd, the market for cleaning equipment for single wafer processing system totals $2.6 billion in the year 2015. It is expected to increase with a CAGR of 6.8% in 2020. The company currently performs its development and manufacturing activities in China. By manufacturing in China, the company becomes quite close to its potential customers in Taiwan, Korea and all over Asia. In addition to this, company has intellectual property protection. The company protects all its innovations including its latest SAPS and TEBO technologies.

Key Executives for ACM Research Incorporation

The key executives of ACMR are given below –

  • David H. Wang – CEO, President and Director
  • Min Xu – CFO, Principle accounting officer and Treasurer

Company Financials

The company earns most of its revenue from selling of single wafer wet cleaning equipment. The revenue from such sale in 2017 was $10.6 million, whereas in 2016 $21.5 million and $28.6 million in 2015.

Revenues – $33.7 million (last 12 months)

Net Income – -$1.2 million (last 12 months)

Underwriter (s) of Issue – Roth Capital Partners

ACM Research Issue Details

  • File Date – 13 September 2017
  • Issue Open Date – 30 October 2017
  • Issue Close Date – 
  • File shares – 2,000,000.00
  • Proposed offering amount – $17,000,000
  • Listing Exchange – Nasdaq
  • Low price range – $7.50
  • High price range – $9.50