CIG(SH:603083) Sou Hu Cai Jing·2025-10-20 06:37Core Viewpoint - The Hong Kong IPO market experienced a significant event on October 20, with four companies, including Cambridge Technology, launching their global offerings simultaneously [1][2]. Group 1: Cambridge Technology IPO Details - Cambridge Technology plans to issue approximately 67.01 million shares globally, with 60.31 million shares allocated for international offering and 6.70 million shares for public offering in Hong Kong [1]. - The offering price is set at HKD 68.88 per share, aiming to raise a net amount of approximately HKD 4.48 billion, with intended uses including 50% for enhancing facilities, 20% for R&D talent and technology, 5% for marketing, 15% for overseas strategic investments, and 10% for working capital [1]. - The public offering period is from October 20 to October 23, with the final price and allocation results to be announced on October 27, and trading expected to commence on October 28 [1]. Group 2: Company Background and Financial Performance - Cambridge Technology specializes in the design, development, and sale of connectivity and data transmission devices, including broadband, wireless, and optical module technology products [2]. - The company ranked fifth in the global optical and wireless connectivity device (OWCD) industry in 2024, holding a market share of 4.1%, with 94% of its revenue coming from overseas in the first half of this year [2]. - The company's total revenue fluctuated, decreasing from RMB 3.784 billion in 2022 to RMB 3.085 billion in 2023, before increasing to RMB 3.65 billion in 2024 [2]. - For the first half of 2024 and 2025, revenue rose from RMB 1.761 billion to RMB 2.034 billion [2][3].