ACM Research Inc’s (ACMR) Quiet Period Set To Expire on December 13th
ACM Research’s (NASDAQ:ACMR) quiet period will expire on Wednesday, December 13th. ACM Research had issued 2,000,000 shares in its IPO on November 3rd. The total size of the offering was $11,200,000 based on an initial share price of $5.60. During ACM Research’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
ACMR has been the subject of a number of recent research reports. Roth Capital initiated coverage on shares of ACM Research in a research note on Wednesday, November 29th. They set a “buy” rating and a $10.00 price target for the company. Craig Hallum initiated coverage on shares of ACM Research in a research note on Friday, December 1st. They set a “buy” rating and a $10.00 price target for the company.
Shares of ACM Research (ACMR) opened at $5.98 on Wednesday. ACM Research has a one year low of $5.60 and a one year high of $8.48.
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Acm Research, Inc develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers uses in manufacturing steps to remove particles, contaminants and other random defects in fabricating integrated circuits, or chips. The Company’s Ultra C equipment is designed to remove random defects from a wafer surface, even at an advanced process node (the minimum line width on a chip) of 22 nanometers (nm) or less.
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