ACM Research Announces Pricing of Initial Public Offering
November 03 2017 - 8:00AM
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.
Forward-Looking Statements
This press release includes certain disclosures which contain
“forward-looking statements,” including, without limitation,
statements regarding the anticipated timing of completion of the
offering. You can identify forward-looking statements because they
contain words such as “believes” and “expects.” Forward-looking
statements are based on ACM’s current expectations and assumptions.
Because forward-looking statements relate to the future, they are
subject to inherent uncertainties, risks and changes in
circumstances that may differ materially from those contemplated by
the forward-looking statements, which are neither statements of
historical fact nor guarantees or assurances of future performance.
Important factors that could cause actual results to differ
materially from those in the forward-looking statements are set
forth in ACM’s filings with the Securities and Exchange Commission,
including its registration statement on Form S-1, as amended from
time to time, under the caption “Risk Factors.”
For investor and media inquiries, please
contact:
In the United States:
The Blueshirt GroupMr. Ralph Fong+1 (415)
489-2195ralph@blueshirtgroup.com
In China:
The Blueshirt Group AsiaMr. Gary Dvorchak, CFA+86 (138)
1079-1480gary@blueshirtgroup.com
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