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2026 IPO bonanza! Over 90% of new stocks rose on their debut!
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joined discussion · Feb 9 07:37

IPO Pricing | Montage Technology goes public today, receiving over 700 times subscription, priced at 106.89 Hong Kong dollars per share, with a gain of 4,251 Hong Kong dollars per lot in the gray market

Futu News reported on February 9 that $MONTAGE TECH (06809.HK)$ The allotment results were announced, with each share priced at HKD 106.89. A total of 65.89 million shares were issued, with each lot consisting of 100 shares. The company officially listed today.
In the previous trading session, Montage Technology’s grey market closed up 39.77% at HKD 149.4. Each lot consists of 100 shares. Not accounting for handling fees, each lot generated a profit of HKD 4,251.
During the public offering phase, Montage Technology received 707.3 times subscription, with the final number of shares offered to the public amounting to 6.589 million shares, representing approximately 10% of the total shares offered. A total of around 260,600 valid applications were received, and about 56,356 applications were processed. The approximate percentage of shares allocated for one-lot subscriptions relative to the total applied shares was 5%.
In addition, during the international placement phase, Montage Technology received 37.67 times subscription, with the final number of international placement shares amounting to 59,301,000 shares, accounting for 90% of the total offering shares. Futu Information has compiled the relevant data in the table below:
Futu News reported on February 9 that $MONTAGE TECH (06809.HK)$ The allotment results were announced, with each share priced at HKD 106.89. A total of 65.89 million shares were issued, with each lot consisting of 100 shares. The company officially listed today. In the previous trading session, Montage Technology’s grey market closed up 39.77% at HKD 149.4. Each lot consists of 100 shares. Not accounting for handling fees, each lot generated a profit of HKD 4,251. During the public offering phase, Montage Technology received 707.3 times subscription, with the final number of shares offered to the public amounting to 6.589 million shares, representing approximately 10% of the total shares offered. A total of around 260,600 valid applications were received, and about 56,356 applications were processed. The approximate percentage of shares allocated for one-lot subscriptions relative to the total applied shares was 5%. Moreover, during the international placement phase, Montage Technology garnered 37.67 times subscription, with the final number of international placement shares totaling 59.301 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview Montage Technology is a globally leading fabless integrated circuit design company, committed to providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure. The company focuses on addressing challenges in data exchange and transmission, making data connectivity more efficient and reliable. This strategic goal, combined with continuous substantial investment in R&D, allows the company to excel in DDR4 and DDR5...
Futu News reported on February 9 that $MONTAGE TECH (06809.HK)$ The allotment results were announced, with each share priced at HKD 106.89. A total of 65.89 million shares were issued, with each lot consisting of 100 shares. The company officially listed today. In the previous trading session, Montage Technology’s grey market closed up 39.77% at HKD 149.4. Each lot consists of 100 shares. Not accounting for handling fees, each lot generated a profit of HKD 4,251. During the public offering phase, Montage Technology received 707.3 times subscription, with the final number of shares offered to the public amounting to 6.589 million shares, representing approximately 10% of the total shares offered. A total of around 260,600 valid applications were received, and about 56,356 applications were processed. The approximate percentage of shares allocated for one-lot subscriptions relative to the total applied shares was 5%. Moreover, during the international placement phase, Montage Technology garnered 37.67 times subscription, with the final number of international placement shares totaling 59.301 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview Montage Technology is a globally leading fabless integrated circuit design company, committed to providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure. The company focuses on addressing challenges in data exchange and transmission, making data connectivity more efficient and reliable. This strategic goal, combined with continuous substantial investment in R&D, allows the company to excel in DDR4 and DDR5...
Company Overview
Montage Technology is a world-leading fabless integrated circuit design company, committed to providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure. The company focuses on addressing challenges in data exchange and transmission, making data interconnection more efficient and reliable. By combining this strategic goal with continuous substantial R&D investment, the company has established and maintained its market leadership in the field of DDR4, DDR5, and future generations of memory interface chips. The company is expanding its expertise into PCIe/CXL interconnects and new types of interconnect chips to further consolidate its leading position.
Futu News reported on February 9 that $MONTAGE TECH (06809.HK)$ The allotment results were announced, with each share priced at HKD 106.89. A total of 65.89 million shares were issued, with each lot consisting of 100 shares. The company officially listed today. In the previous trading session, Montage Technology’s grey market closed up 39.77% at HKD 149.4. Each lot consists of 100 shares. Not accounting for handling fees, each lot generated a profit of HKD 4,251. During the public offering phase, Montage Technology received 707.3 times subscription, with the final number of shares offered to the public amounting to 6.589 million shares, representing approximately 10% of the total shares offered. A total of around 260,600 valid applications were received, and about 56,356 applications were processed. The approximate percentage of shares allocated for one-lot subscriptions relative to the total applied shares was 5%. Moreover, during the international placement phase, Montage Technology garnered 37.67 times subscription, with the final number of international placement shares totaling 59.301 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview Montage Technology is a globally leading fabless integrated circuit design company, committed to providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure. The company focuses on addressing challenges in data exchange and transmission, making data connectivity more efficient and reliable. This strategic goal, combined with continuous substantial investment in R&D, allows the company to excel in DDR4 and DDR5...
With over two decades of accumulated expertise and a focus on solving data transmission and interconnection challenges, according to Frost & Sullivan, Montage Technology has become the world's largest memory interconnect chip supplier by revenue, capturing a 36.8% market share in 2024. The company’s DDR memory interface chips and companion chips are designed to achieve optimal performance, bandwidth, and reliability, accelerating data transfer speeds and ensuring consistent performance across enterprise and cloud servers. In the field of memory interconnects, the company has gained a critical first-mover advantage by setting and leading industry standards.
Leveraging its technical expertise and know-how in interconnect solutions, the company has also independently developed innovative technologies such as high-speed SerDes serial interfaces and expanded into PCIe and CXL high-speed interconnect fields. These technologies comply with the standards and specifications set by PCI-SIG and the CXL Consortium. According to Frost & Sullivan, Montage Technology is one of the world’s two major PCIe Retimer providers and was the first company to launch the CXL MXC chip.
Financial Overview
In 2022, 2023, and 2024, Montage Technology recorded revenues of RMB 3,672.3 million, RMB 2,285.7 million, and RMB 3,638.9 million, respectively. During the same periods, the company’s gross profits were RMB 1,705.5 million, RMB 1,346.5 million, and RMB 2,115.3 million. Meanwhile, the company's annual/period profits were RMB 1,299.4 million, RMB 451.1 million, and RMB 1,340.7 million, respectively.
Futu News reported on February 9 that $MONTAGE TECH (06809.HK)$ The allotment results were announced, with each share priced at HKD 106.89. A total of 65.89 million shares were issued, with each lot consisting of 100 shares. The company officially listed today. In the previous trading session, Montage Technology’s grey market closed up 39.77% at HKD 149.4. Each lot consists of 100 shares. Not accounting for handling fees, each lot generated a profit of HKD 4,251. During the public offering phase, Montage Technology received 707.3 times subscription, with the final number of shares offered to the public amounting to 6.589 million shares, representing approximately 10% of the total shares offered. A total of around 260,600 valid applications were received, and about 56,356 applications were processed. The approximate percentage of shares allocated for one-lot subscriptions relative to the total applied shares was 5%. Moreover, during the international placement phase, Montage Technology garnered 37.67 times subscription, with the final number of international placement shares totaling 59.301 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview Montage Technology is a globally leading fabless integrated circuit design company, committed to providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure. The company focuses on addressing challenges in data exchange and transmission, making data connectivity more efficient and reliable. This strategic goal, combined with continuous substantial investment in R&D, allows the company to excel in DDR4 and DDR5...
Use of Proceeds
In terms of fund-raising purposes, Montage Technology expects net proceeds from the global offering to be approximately HKD 6.905 billion (based on an offer price of HKD 106.89). According to the prospectus, Montage Technology intends to use the proceeds from the global offering for the following purposes:
Approximately 70% will be used over the next five years to invest in R&D for interconnect chips, enhancing the company’s global leadership position and seizing opportunities in cloud computing and AI infrastructure; about 5% will be allocated to improving the company’s commercialization capabilities; roughly 15% will be used for strategic investments and/or acquisitions to achieve the company's long-term growth strategy; and about 10% will be utilized for working capital and general corporate purposes.
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Futu News reported on February 9 that $MONTAGE TECH (06809.HK)$ The allotment results were announced, with each share priced at HKD 106.89. A total of 65.89 million shares were issued, with each lot consisting of 100 shares. The company officially listed today. In the previous trading session, Montage Technology’s grey market closed up 39.77% at HKD 149.4. Each lot consists of 100 shares. Not accounting for handling fees, each lot generated a profit of HKD 4,251. During the public offering phase, Montage Technology received 707.3 times subscription, with the final number of shares offered to the public amounting to 6.589 million shares, representing approximately 10% of the total shares offered. A total of around 260,600 valid applications were received, and about 56,356 applications were processed. The approximate percentage of shares allocated for one-lot subscriptions relative to the total applied shares was 5%. Moreover, during the international placement phase, Montage Technology garnered 37.67 times subscription, with the final number of international placement shares totaling 59.301 million shares, equivalent to 90% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Overview Montage Technology is a globally leading fabless integrated circuit design company, committed to providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure. The company focuses on addressing challenges in data exchange and transmission, making data connectivity more efficient and reliable. This strategic goal, combined with continuous substantial investment in R&D, allows the company to excel in DDR4 and DDR5...
Editor/Joe
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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