By Li Panpan

(JW Insights) May 19 -- Shares of Skyverse Technology (中科飞测), a leading Chinese high-end semiconductor quality control equipment provider, surged 192.8% in its debut on Shanghai’s Nasdaq-style Star Market on May 19.

The surge gave the Shenzhen-based company a market value of RMB22.12 billion ($3.14 billion).

Skyverse Technology focuses on the R&D, production, and sales of IC detection and measurement equipment. Its products have been widely used in mainstream Chinese IC manufacturing lines such as SMIC, YMTC, Silan Microelectronics, JCET, HT Tech, and Tongfu Microelectronics.

The company was founded in 2014, according to Tianyancha, a provider of Chinese corporation data and due diligence platform.