New Stock Debut | CIG listed on its first day with a 36.47% surge in early trading, the company is a leader in AI optical communication

According to the Zhitong Finance APP, Cambridge Technology (06166) has officially listed, with an announcement showing a pricing of HKD 68.88 per share, issuing a total of 67.0105 million shares, with a minimum purchase of 50 shares. The net proceeds are approximately HKD 4.48 billion. As of the time of writing, the stock has risen by 36.47%, trading at HKD 94, with a transaction volume of HKD 527 million. According to the prospectus, Cambridge Technology primarily engages in the design, development, and sale of connectivity and data transmission devices. During the track record period, the company generated revenue mainly from the sale of broadband, wireless, and optical module technology products. According to Frost & Sullivan, the company is one of the few that provides all three types of technology products to global customers. During the track record period, revenue from overseas markets accounted for 82.9%, 89.3%, 92.6%, and 94.0% of the company's total revenue, respectively. In addition to its operations in China, the company has established a joint headquarters in the United States, with overseas R&D centers in the U.S. and Japan, overseas sales offices in the U.S. and Italy, and overseas manufacturing bases in the U.S., Germany, and Malaysia. In terms of optical module products, Cambridge Technology's product portfolio covers interconnection speeds of 100G, 400G, 800G, and 1.6T, compatible with a wide range of industry-standard packaging forms. The company is one of the first globally to deploy 800G and 1.6T optical module products. Its pioneering research in silicon photonic optical modules enables the company to achieve high transmission rates at low costs, which is crucial for supporting the exponential growth of computing power. Cambridge Technology is also advancing linear pluggable optical device (LPO) technology, which features low power consumption, low latency, and high performance, making it an ideal choice for artificial intelligence models and data centers. Additionally, the company is developing immersion liquid cooling optoelectronic devices to enhance server efficiency and thermal management