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<IPO>MONTAGE TECH (06809.HK) Starts IPO Today, Raising $7B+ Max.; Entry Fee $10,796.8; Alibaba Among Cornerstone Investors
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MONTAGE TECH (06809.HK), a fabless integrated circuit designer already listed on the A-share market, kicked off its IPO today (January 30) until next Wednesday (February 4), offering 65.89 million H shares. The Hong Kong public offering accounts for 10% of the total, with the IPO price not exceeding HKD106.89 per share. The IPO aims to raise up to approximately HKD7.043 billion. The entry fee for one board lot (100 shares) is HKD10,796.8. The shares are expected to be listed on February 9. CICC, Morgan Stanley, and UBS are the joint sponsors. The net proceeds from this H-share offering by LQKJ (688008.SH) are expected to be approximately HKD6.905 billion. MONTAGE TECH currently has two major product lines: interconnect chips and Jintai products. The main customers include memory module manufacturers, server OEM/ODM, and cloud service providers, with major clients including CEAC, Micron (MU.US), Samsung, and SK Hynix. Revenue for the first nine months of last year was RMB4.06 billion, up 57.8% YoY, with profit attributable to the owners of the parent company at RMB1.63 billion, up 66.9%. The company's H-share cornerstone investors subscribed to shares worth USD450 million. The cornerstone investors include JPMIMI under JP Morgan, UBS Asset Management, New Alternative and New Golden Future under Yunfeng Capital, Alisoft China under BABA-W (09988.HK), Aspex, Janchor Fund, Barings, Mirae Asset, AGIC, Hel Ved, HUAQIN TECHNOLOGY (603296.SH), Huadeng Technology, Qube, and abrdn Asia. AASTOCKS Financial News Website: www.aastocks.com |
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