Leadmicro makes STAR Market debut

Jiangsu Leadmicro Nano Technology Co, based in the Wuxi National Hi-tech District, debuted on the nation's technology-focused STAR Market on Dec 23.

The STAR market, or Nasdaq-styled new science and technological innovation board, is a registration-based IPO system launched on the Shanghai Stock Exchange.

The company hopes to raise 1 billion yuan ($143.61 million) from its initial public offering, which will be invested in the expansion and upgrading of photovoltaic and flexible electronic equipment based on atomic layer deposition technology, semiconductor supporting equipment based on atomic layer deposition technology, and its integrated circuit high-end equipment industrialization application center.

The company, established in December 2015, focuses on the research and development, production and application of advanced micron-scale and nano-scale thin film deposition equipment with atomic layer deposition technology as the core technology.

From 2019 to 2021, the company achieved an operating income of 216 million yuan, 313 million yuan, and 428 million yuan, respectively, with an average annual compound growth rate of 40.81 percent.

The company attaches importance to research and development. Its R&D investment totaled 31.09 million yuan, 53.73 million yuan, and 97.04 million yuan, respectively, from 2019 to 2021.

Four enterprises in WND have listed this year. The district is currently home to 32 listed domestic and foreign companies, ranking second in the city in terms of total number. The listed companies mainly work in integrated circuits, smart equipment, new energy, auto parts, biomedicine, and environmental protection.