Group 1 - The core viewpoint of the article is that Lanqi Technology, a leading global memory interconnect chip company, successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 6.905 billion through the issuance of 65.89 million H-shares at an issue price of HKD 106.89 per share [1] - The company experienced significant demand during its public offering, with a subscription rate of 707.3 times for the Hong Kong public offering and 37.67 times for international placement, attracting around 260,600 valid applications [1] - On its first trading day, Lanqi Technology opened at HKD 168, representing a more than 57% increase from the issue price [1] Group 2 - Founded in Shanghai in 2004, Lanqi Technology became one of the first companies to list on the Sci-Tech Innovation Board in 2019, focusing on cloud computing and AI infrastructure interconnect solutions [1] - The company is projected to hold a 36.8% market share in the global memory interconnect chip market in 2024, positioning it as the leading supplier in this sector [1] - For 2025, Lanqi Technology anticipates a year-on-year increase of 52.29% in net profit attributable to shareholders, reaching approximately HKD 66.46 million, driven by the surge in demand for interconnect chips due to the AI industry boom [1]