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Markets· Equity

AMEC debuts at STAR Market with 179% premium over its IPO price

CKN
minutes 2019/07/22 13:03:20
3,676
STAR market, A shares, Sci-tech Innovation Board

Jul 22, 2019 (China Knowledge) - On its first trading day on STAR Market, AMEC' s highest and lowest intraday prices were RMB 125.0 and RMB 62.0. The price increase of the company is 179%, ranking 5th among the 25 IPOs listed on the Sci-Tech Innovation Board launched today. The company's trading value totaled RMB 3.1bln. Based on AMEC' s closing price of RMB 81.0, it is estimated that the company's PE ratio is 476.9 and market capitalization at RMB 43.3bln.

Advanced Micro-Fabrication Equipment Inc. China is a global micro processing high-end equipment company serving the semiconductor industry and other high-tech fields. Micro devices are used to create the world's most complex and sophisticated technology: tiny nanoscale devices that provide intelligence and storage capabilities for innovative products that improve human lives and achieve global sustainability. Through the talent, enthusiasm, and concerted efforts of its employees, Advanced Micro-Fabrication Equipment Inc. China has become a new type of high-end micro-processing equipment company, making great breakthroughs in the tech industry and production efficiency, while winning the trust of top chip manufacturers and other technological innovation enterprises in the industry.

The initial offering price of AMEC was set at RMB 29.0 and PE ratio of 170.8 time. The company is estimated to have raised RMB 1.6bln according to its prospectus.

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