French semiconductor equipment maker SEMCO Technologies enjoyed a stellar debut on the Paris stock exchange on Wednesday, with its shares skyrocketing 41% in their first day of trading. The Montpellier-headquartered firm is now the second tech company to list in Paris this year, underscoring renewed investor interest in Europe’s high-tech sector.

Listed on the Euronext Growth market, SEMCO raised €45 million in its initial public offering, translating to a market valuation of €154 million based on its IPO price of €15 per share. The listing attracted overwhelming interest, with institutional demand exceeding supply by 5.5 times and retail interest surpassing 7 times the available shares.

SEMCO specializes in advanced electrostatic chucks—also known as eChucks—which are crucial in semiconductor manufacturing. These devices hold delicate silicon wafers in place using electrostatic forces, avoiding the need for mechanical clamps and enabling high-precision processing.

The IPO proceeds will fund an ambitious growth strategy, including boosting production capacity, accelerating R&D efforts, and broadening the company’s international footprint. CEO Laurent Pelissier expressed confidence in SEMCO’s future, targeting revenue of €33 million in 2025 and aiming for over €55 million by 2028, with projected profit margins above 40%.

The company’s public listing follows notable IPOs from AI firm LightOn and fintech player Younited Financial earlier this year, signaling a resurgence of tech-focused capital market activity in France. It also comes as Euronext pushes initiatives like the European Common Prospectus to simplify listings and encourage IPOs across the continent.

SEMCO operates under the umbrella of ECM Group, a Grenoble-based industrial technology conglomerate, and its strong market debut reflects the growing appetite for companies enabling next-generation semiconductor and AI development.