By Gabby Chen

Leadmicro (微导纳米), became successfully listed on the STAR Market of Shanghai Stock Exchange (SSE) on December 23, JW Insights reported.

Leadmicro, based in Wuxi, eastern China's Jiangsu Province, specializes in atomic layer deposition (ALD) technology and has achieved a breakthrough in its advanced thin film deposition equipment with 28nm process technology.

Its issue price is at RMB24.21 ($3.46) per share and an issue P/E ratio of 412.24. As of 11:00 a.m. on Friday local time, its shares increased 17.84% with RMB28.53 ($4.08) per share, representing a total market value of RMB12.966 billion ($1.86 billion), said the JW Insights report.

Founded in 2015, Leadmicro focuses on advanced micro- and nano-scale thin film deposition and etch equipment designing, development, production, and other services. It supplies equipment for new energy, flexible electronics, semiconductor, and nano-technology areas.

Its products are widely used in the thin film deposition process of photovoltaic cell production, serving famous solar cell manufacturers such as TW Solar (通威太阳能), Longi (隆基股份), JA Solar (晶澳太阳能), CSI Solar (阿特斯), and Trina Solar (天合光能).