On June 26, Circuit Fabology Microelectronics Equipment (CFMEE) rose 74.49% in regular trading, trading at 429.4 HKD/share with turnover of HKD 824 million. The surge came on the company's first day of trading on the Hong Kong Stock Exchange Main Board.

CFMEE priced its IPO at HKD 252.73 per share, issuing approximately 12.84 million H-shares and raising net proceeds of approximately HKD 3.15 billion. The Hong Kong public offering was oversubscribed 1,007.22 times, while the international placement received 27.22 times oversubscription. The company secured 18 cornerstone investors who collectively subscribed for 49.98% of the global offering. The stock had already surged nearly 76% in grey market trading the prior evening.

CFMEE is the world's largest PCB direct imaging equipment supplier by revenue, with a 15.0% global market share as of 2024. The company specializes in micro-nano direct-write lithography technology, providing high-performance lithography equipment for the printed circuit board and semiconductor industries. It was previously listed on the Shanghai STAR Market in 2021.

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