Chinese chip-equipment maker CFMEE targets US$410 million in Hong Kong IPO
Chinese lithography and integrated circuit manufacturer Circuit Fabology Microelectronics Equipment (CFMEE) plans to list on the Hong Kong stock exchange next week. The company, based in Hefei, Anhui province, aims to raise up to US$410 million by offering over 12.8 million H shares globally.
Briefing Summary
AI-generatedChinese lithography and integrated circuit manufacturer Circuit Fabology Microelectronics Equipment (CFMEE) plans to list on the Hong Kong stock exchange next week. The company, based in Hefei, Anhui province, aims to raise up to US$410 million by offering over 12.8 million H shares globally. The price range for each share is set between HK$240.09 and HK$252.73. This move occurs as China pursues semiconductor self-sufficiency amidst US sanctions. The offer period concludes next Tuesday, with trading slated to commence on June 26.
Article analysis
Model · rule-basedKey claims
5 extractedTrading of CFMEE shares is expected to begin on the Hong Kong stock exchange on June 26.
The price range for CFMEE shares is HK$240.09 to HK$252.73 apiece.
CFMEE will offer more than 12.8 million H shares globally.
Chinese chip-equipment maker CFMEE targets US$410 million in Hong Kong IPO.
China continues its drive for semiconductor self-sufficiency amid US sanctions.