Chinese PCB equipment maker CFMEE tops 1,000-times oversubscription in Hong Kong IPO
The Hefei-based firm’s listing comes as the global AI boom fuels gains in the materials and components that underpin servers
The company, based in Hefei, capital of Anhui province in central China, is scheduled to debut on Friday and saw its initial public offering oversubscribed 1,009 times, according to industry sources. It is priced at the top end at HK$252.73 per share, as the market eagerly watches its first-day performance.
CFMEE is a leading producer of direct-imaging equipment used to make printed circuit boards (PCBs), which connect and support the integrated circuits and electronic components used to power artificial intelligence servers. The huge market enthusiasm comes amid a global artificial intelligence boom that is spilling over into related materials, components and infrastructure.
Guangdong Dtech Technology, a global leader in PCB micro-drill supplies, passed a listing hearing for Hong Kong Exchanges and Clearing (HKEX) on Tuesday.
Mainland Chinese investors are aggressively rotating out of major Chinese tech platforms and into such stocks, helping drive a surge in Hong Kong-listed shares, which have emerged as a new market focus.