最高募资70亿港币，澜起科技赴港IPO

Core Viewpoint - Chinese chip design company, Lianqi Technology, is seeking to raise up to approximately $902 million (about 7 billion HKD) through a Hong Kong IPO, highlighting the trend of Chinese tech companies leveraging capital markets for expansion amid the AI boom [1]. Group 1: IPO Details - Lianqi Technology plans to issue around 65.9 million shares at a maximum price of 106.89 HKD per share, which represents a discount of at least 41% compared to its latest closing price of 162.18 RMB on the Shanghai A-share market [1]. - The company expects its shares to begin trading on the Hong Kong Stock Exchange on February 9 [1]. - The IPO has received strong support from cornerstone investors, including Alibaba and JPMorgan, with commitments totaling $450 million [1]. Group 2: Financial Performance - Lianqi Technology anticipates a net profit of 2.15 billion to 2.35 billion RMB for the fiscal year 2025, representing a year-on-year growth of 52.29% to 66.46% [4]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between 1.92 billion and 2.12 billion RMB, with a potential increase of nearly 70% [4]. - The significant growth is attributed to the booming demand driven by the AI industry, particularly for interconnect chips, as global AI infrastructure development accelerates [4]. Group 3: Market Context - Lianqi Technology's IPO contributes to the heightened activity in the Hong Kong IPO market, which recorded a fundraising total of $5 billion in January, marking the highest amount for that month in history [7]. - Another chip manufacturer, Aixin Yuan Zhi Semiconductor, is also seeking to raise 2.96 billion HKD through a Hong Kong IPO, further indicating the strong financing demand among AI-related Chinese companies [7].