New Stock News | It is rumored that Montage Technology (688008.SH) will introduce cornerstone investors such as Alibaba (09988.HK) and Morgan Stanley Asset Management for its Hong Kong IPO.

According to media reports citing informed sources, Chinese chip design company Montage Technology (688008.SH) will introduce Alibaba (09988) and Morgan Asset Management as key investors for its Hong Kong IPO, indicating strong demand for the latest artificial intelligence-related stock offerings in the ASIA FINANCIAL center. The report mentioned that Alibaba and Morgan Asset Management will participate in the IPO as cornerstone investors and stated that the IPO may raise about $900 million, with the potential for even more if the underwriters exercise the over-allotment option. The sources also added that other cornerstone investors in this offering include Scotland-based asset management company Aberdeen, South Korea's Future Asset Securities, and the asset management department of UBS Group. According to the Hong Kong Stock Exchange disclosure on January 5, Montage Technology has already conducted its listing hearing on the main board of the exchange. The report mentioned that Montage Technology will start accepting investor subscriptions as early as this Friday (January 16) and could potentially list in Hong Kong later this month. Founded in 2004, Montage Technology is a leading international data processing and interconnect chip design company dedicated to providing high-performance, low-power chip solutions for the cloud computing and data center sectors. The company currently has two product lines: interconnect chips and the JingTai server platform. Its A-share price rose by over 70% in 2025, with the company's valuation currently estimated at around $22 billion. The report stated that Montage Technology had a profit of 1.4 billion RMB in 2024, a figure that could reach 2.3 billion RMB by 2025 and 3.3 billion RMB by 2026.