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Markets · Equity
Anji Microelectronics debuts at STAR Market with 400% premium over its IPO price
2019/07/22 12:50:06
STAR market, A shares, Sci-tech Innovation Board

Jul 22, 2019 (China Knowledge) - On its first trading day on STAR Market, Anji Microelectronics's highest and lowest intraday prices were RMB 243.2 and RMB 110.0. The price increase of the company is 400%, ranking 1st among the 25 IPOs listed on the Sci-Tech Innovation Board launched today. The company's trading value totaled RMB 1.6bln. Based on Anji Microelectronics's closing price of RMB 196.0, it is estimated that the company's PE ratio is 231.5 and market capitalization at RMB 10.4bln.

Anji Microelectronics (Shanghai) Co., Ltd. is a high-tech semiconductor material company which is based on independent innovation and integrates R&D, production, sales and technical services. The main parts of the company are the R&D department and industrialization of key semiconductor materials. Currently, the products include different series of chemical mechanical polishing fluid and photoresist remover, which are mainly used in IC chip manufacturing and advanced packaging fields. CMP polishing fluid has broken the monopoly of Japan and the United States and become an indispensable force in the field of domestic integrated circuit materials.

The initial offering price of Anji Microelectronics was set at RMB 39.2 and PE ratio of 48.3 time. The company is estimated to have raised RMB 0.5bln according to its prospectus.

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