Singapore semiconductor service provider Suchness Tech (SUCH.US) IPO priced at $5-7 per share, aiming to raise $30 millions

According to Jinse Finance, Suchness Tech, a provider of specialty materials and engineering services for semiconductor wafer manufacturers, announced its initial public offering (IPO) terms on Monday. The company plans to issue 5 million shares at a price range of $5 to $7 per share, raising $30 million. Suchness Tech intends to list on Nasdaq under the ticker symbol “SUCH.”

Headquartered in Singapore and founded in 2004, Suchness Tech’s main clients include multinational wafer foundry enterprises and memory chip manufacturers operating wafer manufacturing facilities in Singapore. Data shows the company generated $20 million in revenue in the 12 months ending December 31, 2025.

The company operates through its two Singapore-based subsidiaries, providing material supply and facility support services for semiconductor wafer manufacturing plants. AP Engineering Solutions is responsible for distributing high-purity specialty chemicals and gases, including precursor chemicals, dopant gases, and laser gases, which are used in chemical vapor deposition (CVD), atomic layer deposition (ALD), photolithography, and etching processes; the company also offers on-site maintenance and engineering support services for processing equipment and gas delivery systems. The other subsidiary, Quantum Services, designs, integrates, and installs gaseous exhaust management systems for semiconductor wafer plant piping systems, while also providing maintenance for exhaust treatment systems, ozone generators, and interlock systems. The company’s clients mainly consist of multinational wafer foundries and memory chip manufacturers that operate wafer manufacturing facilities in Singapore.