New stock news | It is rumored that Montage Technology (06809) plans to set the Hong Kong IPO price at the upper limit.

According to reports, mainland chip design company Montage Technology (06809) plans to price its IPO at the upper end of the price range. Montage Technology earlier announced that it will be offering its shares from January 30 to February 4, with plans to issue 65.89 million H shares, with one-tenth being offered to the public in Hong Kong and the rest for international placement, as well as up to 15% over-allotment option. The highest offer price is HK$106.89, raising up to HK$7.04 billion. Each board lot consists of 100 shares, with a board lot fee of HK$10,796.8. Montage Technology's H shares are expected to start trading on February 9. CICC, Morgan Stanley, and UBS are the joint sponsors. The prospectus shows that Montage Technology is a global leading fabless integrated circuit design company, focusing on providing innovative, reliable, and highly efficient interconnect solutions for cloud computing and AI infrastructure. According to Frost & Sullivan data, by revenue, the company is expected to be the world's largest memory interconnect chip supplier by 2024, with a market share of 36.8%. The company provides interconnect chips to industry-leading customers, including memory interconnect chips and PCIe (Peripheral Component Interconnect Express)/CXL (Compute Express Link) interconnect chips, with applications covering a wide range of terminal areas including data centers, servers, and computers. Montage Technology offers a full range of DDR2 to DDR5 (second to fifth generation double data rate technology) memory interface chips and DDR5 complementary chips, including SPD (Serial Presence Detect), TS (Temperature Sensors), and PMIC (Power Management Integrated Circuits) chips. The company's DDR5 memory interface chips are key interconnect components between the CPU and DRAM modules in servers, enabling stable transmission of high-speed data. The company's new range of interconnect chips (including MRCD/MDB, CKD (Clock Drivers), PCIe Retimer, and CXL MXC (Memory Expansion Controller)) aim to further improve the reliability and efficiency of data transmission in AI servers and personal computers. Montage Technology currently has two main product lines: interconnect chips and Jintian products. The company's interconnect chips mainly include memory interface chips, memory module complementary chips, PCIe/CXL interconnect chips, and clock chips. The company's Jintian products mainly consist of Jintian CPUs.