Suchness Tech, which provides specialty materials and engineering services to semiconductor foundries, announced terms for its IPO on Monday.
The Singapore-based company plans to raise $30 million by offering 5 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Suchness Tech would command a market value of $150 million.
Operating through its two Singapore-based subsidiaries, Suchness Tech provides materials supply and facility-support services to semiconductor wafer-fabrication plants. AP Engineering Solutions distributes high-purity specialty chemicals and gases, including precursor chemicals, dopant gases, and laser gases, used in CVD, ALD, lithography, and etching processes, and provides on-site maintenance and engineering support for processing tools and gas-delivery systems. Quantum Services designs, integrates, and installs gaseous effluent management systems for semiconductor foundry pipelines, and provides maintenance services for waste gas treatment systems, ozone generators, and interlock systems. The company's customers are primarily multinational foundries and memory manufacturers operating wafer-fabrication facilities in Singapore.
Suchness Tech was founded in 2004 and booked $20 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol SUCH. Joseph Stone Capital is the sole bookrunner on the deal.
