ACM Research, which sells single-wafer wet cleaning equipment to semiconductor manufacturers, filed on Wednesday with the SEC to raise up to $35 million in an initial public offering.
The Fremont, CA-based company was founded in 1998 and booked $34 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol ACMR. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
