CIG(SH:603083) Sou Hu Cai Jing·2025-10-20 08:39Core Viewpoint - Cambridge Technology Co., Ltd. (stock code: 6166) has initiated its IPO process and plans to list on the Hong Kong Stock Exchange on October 28, 2025, aiming to raise up to HKD 46.15 billion (approximately USD 5.94 billion) through the issuance of 67.01 million H-shares at a maximum price of HKD 68.88 per share [1]. Group 1: IPO Details - The company has secured cornerstone investors, including prominent firms such as Baillie Gifford, MSIP, and Sequoia Capital, with a total subscription amount of USD 290 million [1][2]. - If the overallotment option is fully exercised, the total fundraising could reach HKD 46.15 billion [1]. Group 2: Financial Performance - Cambridge Technology reported revenues of RMB 3.78 billion, RMB 3.09 billion, and RMB 3.65 billion for the years 2022, 2023, and 2024, respectively, with gross profits of RMB 688.64 million, RMB 664.10 million, and RMB 762.25 million [5][6]. - The company's gross margins for the same years were 18.2%, 21.5%, and 20.9% [5]. - For the first half of 2025, the company achieved revenues of RMB 2.03 billion, with a gross profit of RMB 445.80 million and a gross margin of 21.9% [8]. Group 3: Business Overview - Cambridge Technology is an international enterprise serving the global ICT industry, focusing on the research, production, and sales of terminal devices for telecommunications, data communications, and enterprise/home networks [4]. - The company's products are utilized by major telecommunications operators and internet giants worldwide [4]. Group 4: Shareholding Structure - Gerald G Wong controls 16% of the company's shares, while Cambridge Industries Company holds 13.64% [9][15]. - The company has a diverse shareholder base, including various investment funds and institutions [11][13].