The IPO of domestic chip stocks in both countries, Montage Technology's international placement has been oversubscribed, and Aito has attracted 16 institutional investors

Under the wave of artificial intelligence (AI), two domestic chip IPOs began their subscription yesterday, aiming to raise up to HKD 10 billion, and both stocks have already received sufficient margin subscriptions. Among them, A-share Montage Technology (6809), supported by Alibaba (9988) as a cornerstone investor, is reported to have its international placement oversubscribed several times. Montage Technology, which provides interconnect chips, is issuing 65.89 million shares at a maximum subscription price of HKD 106.89, raising over HKD 7.04 billion, which is a discount of 47.7% compared to the closing price of A-shares yesterday. The entry fee for one lot of 100 shares is HKD 10,796.8, and the subscription will close next Wednesday, with listing on February 9. The stock has attracted 18 star cornerstone investors, including hedge fund Aspex and London-listed Aberdeen Group, with total subscriptions accounting for nearly 50% of this issuance. According to data from 11 brokerage firms, the stock currently has HKD 12.01 billion in margin subscriptions, with public offerings raising HKD 700 million, oversubscribed by 16.1 times. Montage Technology A-shares up 54% Due to the shortage of memory chips, Montage Technology's A-shares have risen 54.4% year-to-date, with major clients including Micron, Samsung, and SK Hynix. However, Montage Technology mentioned that it has recently learned that the U.S. Department of Justice's Antitrust Division has initiated a grand jury investigation related to semiconductors and semiconductor components, requesting the company to provide various materials, including business records and internal policies, as well as testimony. The company is cooperating with the request. After discussions with legal advisors, it understands that neither the company nor any directors have been accused of any wrongdoing. AiChip Intelligence raises nearly HKD 2.96 billion Also starting its subscription on the same day, AI inference system chip supplier AiChip Intelligence (600) has a slightly slower subscription atmosphere, currently with HKD 1.21 billion in margin subscriptions, with public offerings raising HKD 300 million, oversubscribed by 3.1 times. The stock is issuing over 100 million shares at a subscription price of HKD 28.2, raising nearly HKD 2.96 billion, with an entry fee for one lot of 100 shares exceeding HKD 2,848.4, and the subscription will close next Thursday, with listing on February 10. AiChip Intelligence has 16 cornerstone investors, including OmniVision Technologies (501), Joyson Electronics (699), and Australian pension fund NGS Super, with subscriptions accounting for 48.8% of this issuance. Both Montage Technology and AiChip Intelligence have set their Hong Kong public offering portions at 10% and do not have mandatory clawbacks. Dongpeng Beverage rumored to secure 1 lot from 60 hands in Group A It is rumored that Dongpeng Beverage (9980) has secured 1 lot from 60 hands in Group A, with 20,445 hands subscribed for the "top hammer" allocation of 213 hands. There will be dark pool trading next Monday, and the international placement of Muyuan Foods (2714), which is also in the subscription process, has been fully subscribed