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Investors offer up to $100M to back ACM Research's potential Hong Kong share listing to reduce valuation discount.

Company Fundamentals
22 Apr 2026
PRNewsWire
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Bullish
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Kerrisdale Capital Management and Steamboat Capital Partners, owning about 600,000 shares of ACM Research, expressed strong support for the company's plan to list shares in Hong Kong. They believe a Hong Kong listing, especially if shares are fungible with those on NASDAQ, could reduce or eliminate the current valuation discount between ACM Research's U.S. and China-listed shares. Both firms are interested in investing at least $20 million each, potentially up to $100 million collectively, as anchor investors in a Hong Kong offering. This move is seen as a strategic step to unlock value and enhance global investor access to ACM Research's shares.

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