Shares of Circuit Fabology Microelectronics Equipment Co.,Ltd. (09630), known as CFMEE, commenced trading today. The company set its final offer price at HK$252.73 per share, issuing a total of 12,838,600 shares in lots of 50. The net proceeds from the offering are approximately HK$3.153 billion.

At the time of writing, the stock is trading at HK$439, representing a significant gain of 73.7% from its offer price, with a turnover exceeding HK$573 million.

Public information identifies CFMEE as the world's largest supplier of direct imaging equipment for printed circuit boards (PCBs). The company provides PCB direct imaging and semiconductor direct-write lithography equipment, positioning itself for the AI era.

Leveraging its core competencies in high-precision micro-nano lithography technology and its proven ability to apply proprietary technology across various innovative applications, the company focuses on manufacturing, selling, and maintaining direct imaging and direct-write lithography equipment for a global clientele.

According to data from a consulting firm, the company ranks as the fourth-largest global supplier of direct-write lithography equipment based on projected 2025 revenue, holding a market share of 9.4%.

The global PCB direct imaging equipment market, a key segment within the direct-write lithography industry, is relatively concentrated. The top five suppliers are projected to hold a combined market share of approximately 59.1% by 2025.