瀾起科技 06809Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2026-02-04
Morning deadline
HKEX Deadline
2026-02-04
Noon deadline
Broker Results (T-2)
2026-02-05
Some brokers release in afternoon
Grey Market (T-1)
2026-02-06
Afternoon
HKEX Allotment (T-1)
2026-02-06
Evening
Registrar Allotment (T-1)
2026-02-06
Evening
Listing Day (T)
2026-02-09
First day of trading
Cross-Market Price Comparison
Other Listed Market Shanghai (SSE) — 澜起科技
Other Market Stock Code688008
H-Share Offer PriceHK$ 106.89
Other Market PriceLoading...
Reference Exchange RateLoading...
H-Share Offer Price Premium/Discount vs Other MarketLoading...
Company Overview
Stock Name瀾起科技
Stock Code06809
Company Full Name瀾起科技
IndustrySemiconductors
Principal Activitiesleading global fabless IC design company dedicated to providing innovative, reliable and power-efficient interconnect solutions for cloud computing and AI infrastructure
Listing Date2026-02-09
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)No. 181 Caobao Road Xuhui District, Shanghai PRC
Business Address (Hong Kong)香港 銅鑼灣希慎道33號 利園一期19樓1918室
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitewww.montage-tech.com
Share Registrar卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar ContactComputershare Hong Kong
A-Share/US Dual ListingYes (A股)
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 106.89 / shares
Offer Price RangeFinal offer price only, no range
Lot Size100 shares
Entry ThresholdHK$ 10,689
Par ValueRMB 1.0 / shares
Offer Period2026-01-30 to 2026-02-04
Global Offering Shares65,890,000 shares
HK Public Offer Shares (Initial)6,589,000 shares (10.0%)
Public Offer Lots (Initial)65,890lots (32,945lots, 32,945lots)
International Placing Shares (Initial)59,301,000 shares (90.0%)
Offer Ratio~5.44%
Total Shares Post-IPO1,212,316,521 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)To be extracted
Cornerstone Share0%
Clawback Tiers机制B-无回补
Reallocation OptionNo
Total Global Offering SizeHK$ 7,042,982,100
Subscription Tiers

Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.

Pool A
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 100 HK$ 10,689
2 lots 200 HK$ 21,378
3 lots 300 HK$ 32,067
4 lots 400 HK$ 42,756
5 lots 500 HK$ 53,445
6 lots 600 HK$ 64,134
7 lots 700 HK$ 74,823
8 lots 800 HK$ 85,512
9 lots 900 HK$ 96,201
10 lots 1,000 HK$ 106,890
15 lots 1,500 HK$ 160,335
20 lots 2,000 HK$ 213,780
25 lots 2,500 HK$ 267,225
30 lots 3,000 HK$ 320,670
35 lots 3,500 HK$ 374,115
40 lots 4,000 HK$ 427,560
45 lots 4,500 HK$ 481,005
50 lots 5,000 HK$ 534,450
60 lots 6,000 HK$ 641,340
70 lots 7,000 HK$ 748,230
80 lots 8,000 HK$ 855,120
90 lots 9,000 HK$ 962,010
100 lots 10,000 HK$ 1,068,900
200 lots 20,000 HK$ 2,137,800
300 lots 30,000 HK$ 3,206,700
400 lots 40,000 HK$ 4,275,600
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
500 lots 50,000 HK$ 5,344,500
600 lots 60,000 HK$ 6,413,400
700 lots 70,000 HK$ 7,482,300
800 lots 80,000 HK$ 8,551,200
900 lots 90,000 HK$ 9,620,100
1,000 lots 100,000 HK$ 10,689,000
2,000 lots 200,000 HK$ 21,378,000
3,000 lots 300,000 HK$ 32,067,000
4,000 lots 400,000 HK$ 42,756,000
5,000 lots 500,000 HK$ 53,445,000
6,000 lots 600,000 HK$ 64,134,000
7,000 lots 700,000 HK$ 74,823,000
8,000 lots 800,000 HK$ 85,512,000
9,000 lots 900,000 HK$ 96,201,000
10,000 lots 1,000,000 HK$ 106,890,000
15,000 lots 1,500,000 HK$ 160,335,000
20,000 lots 2,000,000 HK$ 213,780,000
25,000 lots 2,500,000 HK$ 267,225,000
32,945 lots 3,294,500 HK$ 352,149,105
Valuation & Financials
Market Cap (at Offer Price)HK$ 129,600,000,000
Pre-IPO Valuation (Last Round)To be extracted
P/E Ratio不適用（公司處於盈利狀態，但招股章程未提供市盈率信息）
Profit/Loss Status盈利約人民幣1,576.4百萬元（截至2025年9月30日止九個月）
Period-End Cash Balance人民币165,000,000元
Listing Expenses~HK$ 138,360,000
Listing Expenses / Funds Raised~2.0%
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 175.0
First Day OpenHK$ 168.0
First Day Change63.72%
First Day Volume21167300.0
First Day Turnover3396100000.0
Use of Proceeds
Use of Proceeds1、約70.0%或4,833.2百萬港元將在未來五年內用于投資互連類芯片領域的研 發； 2、約5.0%或345.2百萬港元將用于提高我們的商業化能力； 3、約15.0%或1,035.7百萬港元將用于戰略投資及/或收購； 4、約10.0%或690.5百萬港元將用于營運資金及一般公司用途。
Underwriting Syndicate
Joint Sponsors (3)
中国国际金融香港证券有限公司 CE AEN894 摩根士丹利亚洲有限公司 CE AAD291 UBS Securities Hong Kong Limited
Sponsor cum Overall Coordinator (1)
中国国际金融香港证券有限公司 CE AEN894
Overall Coordinators (5)
中国国际金融香港证券有限公司 CE AEN894 摩根士丹利亚洲有限公司 CE AAD291 UBS AG Hong Kong Branch 高盛（亚洲）有限责任公司 CE ACC536 中信里昂证券有限公司 CE AAB893
Joint Global Coordinators (5)
中国国际金融香港证券有限公司 CE AEN894 摩根士丹利亚洲有限公司 CE AAD291 UBS AG Hong Kong Branch 高盛（亚洲）有限责任公司 CE ACC536 中信里昂证券有限公司 CE AAB893
Joint Bookrunners (5)
中国国际金融香港证券有限公司 CE AEN894 摩根士丹利亚洲有限公司 CE AAD291 UBS AG Hong Kong Branch 高盛（亚洲）有限责任公司 CE ACC536 中信里昂证券有限公司 CE AAB893
Joint Lead Managers (5)
中国国际金融香港证券有限公司 CE AEN894 摩根士丹利亚洲有限公司 CE AAD291 UBS AG Hong Kong Branch 高盛（亚洲）有限责任公司 CE ACC536 中信里昂证券有限公司 CE AAB893
Capital Market Intermediaries (5)
中国国际金融香港证券有限公司 CE AEN894 摩根士丹利亚洲有限公司 CE AAD291 UBS AG Hong Kong Branch 高盛（亚洲）有限责任公司 CE ACC536 中信里昂证券有限公司 CE AAB893
Service Providers
RoleInstitution
Legal Advisor to Company Davis Polk & Wardwell
国浩律师（上海）事务所
Legal Advisor to Sponsors/Underwriters 高伟绅律师行
德恒律师事务所
Auditor and Reporting Accountant 安永会计师事务所
Industry Advisor 弗若斯特沙利文（北京）咨询有限公司上海分公司
Compliance Advisor 浩德融资有限公司 CE AGH102
Receiving Banks 招商永隆银行有限公司
中国银行（香港）有限公司
Cornerstone Investors
#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 New Alternative Limited — — — — 6 months 2026-08-09
2 New Golden Future Limited — — — — 6 months 2026-08-09
3 Alisoft China Holding Limited — — — — 6 months 2026-08-09
4 abrdn Asia Limited — — — — 6 months 2026-08-09
5 华勤通讯香港有限公司 — — — — 6 months 2026-08-09
6 Huadeng Summit Fortitude Ventures Ltd — — — — 6 months 2026-08-09
7 中邮理财有限责任公司 — — — — 6 months 2026-08-09
8 泰康人寿保险有限责任公司 — — — — 6 months 2026-08-09
9 Qube Master Fund Ltd — — — — 6 months 2026-08-09
10 Qube Research & Technologies Hong Kong Limited — — — — 6 months 2026-08-09
Directors & Management
ChairmanMr. Stephen Kuong
Company SecretaryMs. Fu Xiao
執行董事 (2)
#NameEnglish NameType
1 杨崇和 — 執行董事
2 Stephen Kuong-Io Tai — 執行董事
非執行董事 (2)
#NameEnglish NameType
1 Wang Rui — 非執行董事
2 方周婕 — 非執行董事
獨立非執行董事 (4)
#NameEnglish NameType
1 李若山 — 獨立非執行董事
2 Yuhua Cheng — 獨立非執行董事
3 单海玲 — 獨立非執行董事
4 高秉强 — 獨立非執行董事
Major Shareholders
Major Shareholders & HoldingsSUBSTANTIAL SHAREHOLDERS So far as our Directors are aware, as of the Latest Practicable Date and immediately followingthecompletionoftheGlobalOfferingandassumingtheOver-allotmentOptionisnot exercised, no new Shares are issued under the Employee Incentive Plans and no other
AI AI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The IPO of 澜起科技 received overwhelming demand with an oversubscription ratio of 707.3x, indicating strong investor enthusiasm. Despite the high entry threshold of HKD 10,689, the hit rate stood at just 21.62%, reflecting fierce competition for limited shares. The final offer price of HKD 106.89 presumably sat at the upper end of the range given the demand, though exact range not provided. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable anomaly appears in the A-tail and B-head tiers: applicants in the A-tail (40,000 lots) expected 0.8 lots, while B-head (50,000 lots) buyers expected only 0.675 lots, meaning the higher-investment B-head tier yielded fewer shares on average. This inefficiency suggests that the clawback and reallocation (机制B-无回补) may have distorted allocation ratios between Pools A and B, making the A-tail slightly more efficient despite the larger bet. Broker fee costs per lot would also favor the A-tail. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Broker fee structures vary and actual costs may differ. Not financial advice.)

Demographics

Demographic data for this IPO is unavailable in the provided dataset, as mainland_pct and hk_pct are both recorded as 0. Without breakdowns of applicant origin, gender, or regional concentration, no patterns can be inferred. Investors should refer to the official HKEX filings for a complete picture. (This is AI-generated commentary based on historical data. Data may be incomplete; verify with official sources. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
Offering Structure
Subscription Tiers
IPO Timeline
Disclaimer & Risk Warning

Site Nature: This website (cibo.qizai.ai) is an independent technology product showcase platform established by Panda Securities Limited (CE Number: BNC380). This website itself and all content displayed herein do not constitute and are not involved in any regulated activity or licensed service.

Not Investment Advice: The data on this page is automatically extracted from prospectus PDFs by AI and may contain omissions or errors. All information and data on this page are sourced from prospectuses and related historical documents, are not real-time data, and will not be automatically updated, reflecting historical information at the time of prospectus publication. All content is provided solely for AI tool analysis learning exchange and technical reference purposes, and absolutely does not constitute any investment advice, offer to buy or sell, solicitation, recommendation, or guarantee. The output of this AI analysis tool should not be interpreted as investment opinion.

Decision Responsibility: Users should make investment decisions based on their own independent judgment and consult independent licensed financial advisors when needed. Neither the Company nor this AI analysis tool shall bear any responsibility for any investment decisions made by users based on the information on this page.

Separation from Panda Securities Official Website: The content of this website is strictly distinct from the SFC-regulated licensed services provided by Panda Securities' official website (fafa.hk). No securities trading or account opening or other regulated operations can be conducted through this website.

Panda Securities Limited is a licensed corporation regulated by the Hong Kong SFC (CE Number: BNC380) and a Hong Kong Exchange Participant (Participant ID: 02229). Use of this website constitutes acceptance of this disclaimer.

Cibo — IPO & Market Data Analytics