NasdaqGM:ACMRSemiconductor
ACM Research (ACMR) Is Up 10.8% After Anchor Backing For Potential Hong Kong Listing - Has The Bull Case Changed?
In recent days, Kerrisdale Capital Management and Steamboat Capital Partners informed ACM Research’s board that they are prepared to act as anchor investors, committing at least US$20,000,000 each (and up to US$100,000,000 combined) to support a potential Hong Kong listing of ACM Research shares.
The investors argue that a Hong Kong listing, alongside ACM Research’s Shanghai-listed subsidiary, could help close the valuation gap between markets and broaden international access to the...