Chinese PCB equipment maker CFMEE tops 1,000-times oversubscription in Hong Kong IPO

Chinese PCB equipment maker CFMEE saw its Hong Kong IPO oversubscribed 1,009 times, pricing at the top end of HK$252.73 per share, as the global AI boom fuels demand for server components. The Hefei-based firm, which makes direct-imaging equipment for printed circuit boards, is set to debut on Friday amid investor rotation into high-growth tech stocks.

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 Circuit Fabology Microelectronics Equipment CFMEE https://www.scmp.com/tech/article/3357443/chinese-chip-equipment-maker-cfmee-targets-us410-million-hong-kong-ipo?module=inline&pgtype=article , a Chinese lithography and integrated-circuit manufacturer, has seen massive oversubscription in Hong Kong, as investors aggressively chase high-growth technology themes. The company, based in Hefei, Anhui province, 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 US$32.23 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 AI servers. The huge market enthusiasm comes amid a global artificial intelligence boom that is spilling over into related materials, components and infrastructure. Victory Giant Technology https://www.scmp.com/tech/tech-trends/article/3349924/victory-giant-joins-ipo-push-chinas-circuit-board-makers-amid-ai-frenzy?module=inline&pgtype=article , Guanghe Technology and Han’s CNC Technology https://www.scmp.com/business/banking-finance/article/3341623/3-mainland-chinese-firms-add-hong-kongs-ipo-boom-us2-billion-fundraising?module=inline&pgtype=article gaining between 75 per cent and 130 per cent since listing. 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 into such stocks, helping drive a surge in Hong Kong-listed shares, which have emerged as a new market focus.