Montage Technology Hong Kong IPO Preview
Montage Technology (6809 HK) is getting ready to complete its Hong Kong IPO next week (first date of trading is scheduled for 9 February).
Shares were priced at HK$106.89, the maximum of the marketing range, raising HK$7.04 billion (US$901 million). This values the company at roughly HK$180.36 billion (US$23 billion).
Montage is one of only three global suppliers of DDR5 memory interface chips (alongside Renesas and Rambus), holding a 36.8% market share.
