Core Viewpoint - Cambridge Technology successfully listed on the Hong Kong Stock Exchange on October 28, 2025, raising approximately HKD 46.16 billion through its IPO, with a strong demand reflected in the oversubscription rates of 338.7 times for the public offering and 16.5 times for the international offering [5][6]. Group 1: IPO Details - Cambridge Technology issued 67.01 million H shares, representing 20% of the total shares post-IPO, with a pricing of HKD 68.88 per share [5]. - The IPO attracted 16 cornerstone investors who collectively subscribed for USD 290 million (approximately HKD 22.57 billion) of the offering [5]. - The company’s stock opened at HKD 99.60, reflecting a 44.6% increase, leading to a total market capitalization of approximately HKD 333.69 billion [8]. Group 2: Shareholder Structure - The largest shareholder group consists of Gerald G. Wong and Zhao Haibo, holding 9.56% and 1.75% respectively, totaling 11.31% [6]. - Other shareholders include A-shareholders with 68.69% and H-shareholders with 20%, bringing the total to 100% [6]. Group 3: Company Overview - Established in 2006, Cambridge Technology is a global leader in providing critical infrastructure components to support artificial intelligence development, focusing on optical, broadband, and wireless solutions [7]. - The company ranks fifth in the global optical and wireless connectivity device (OWCD) industry with a market share of 4.1% as of 2024 [7]. - Cambridge Technology is among the first companies to deploy 800G and 1.6T optical module products, offering a range of interconnect speeds [7].

Group 1: Recent IPOs - Zhuoyuan, a corporate services company, successfully listed on NASDAQ, raising $5.6 million with a market capitalization of $32.11 million [1] - Wangsu Technology, a supply chain management service provider, listed on NASDAQ, raising $9.5 million with a market capitalization of $112 million [2] - Haixi New Drug, a pharmaceutical company, successfully listed on the Hong Kong Stock Exchange, raising approximately HK$994 million with a market capitalization of HK$8.603 billion [3] - Jushuitan, an e-commerce SaaS ERP provider, listed on the Hong Kong Stock Exchange, raising approximately HK$2.086 billion with a market capitalization of HK$14.852 billion [4] - Guanghetong, a wireless communication module provider, completed its "A+H" listing on the Hong Kong Stock Exchange, raising approximately HK$2.904 billion with a market capitalization of HK$24.891 billion [5] Group 2: Upcoming IPOs - Bama Tea, a high-end tea brand, plans to issue 9 million shares, aiming to raise approximately HK$428 million, with an expected listing date of October 28 on the Hong Kong Stock Exchange [6] - Cambridge Technology, a supplier of optical and wireless connection devices, plans to issue 67.01 million shares, aiming to raise approximately HK$4.616 billion, with an expected listing date of October 28 [7] - Dipu Technology, an AI application solution provider, plans to issue 26.63 million shares, aiming to raise approximately HK$710 million, with an expected listing date of October 28 [8] - Sany Heavy Industry, an engineering machinery company, plans to issue 580 million shares, aiming to raise approximately HK$12.064 billion, with an expected listing date of October 28 [9] - Minglue Technology, a data intelligence application software company, plans to issue 7.219 million shares, aiming to raise approximately HK$1.018 billion, with an expected listing date of November 3 [10] Group 3: Companies Filing for IPO - Sijiao Infrastructure Fund, a public open-end fund, filed for an IPO on the Hong Kong Stock Exchange, focusing on infrastructure investments [11] - Qingtian Quansuitong, a cross-border intelligent tax solution provider, filed for an IPO on the Hong Kong Stock Exchange, ranking first in the cross-border enterprise intelligent tax solution market [12] - Lakala, an independent digital payment service provider, filed for an IPO on the Hong Kong Stock Exchange, holding a 9.4% market share in the independent digital payment service sector [13] - Yuwang Biological Nutrition, a supplier of food-grade refined fish oil, filed for an IPO on the Hong Kong Stock Exchange, being the largest supplier in its category with an 8.1% market share [14] - Jintian Animation, an IP fun food company, filed for an IPO on the Hong Kong Stock Exchange, focusing on fun and healthy food products [15] Group 4: Companies Undergoing Hearing for IPO - Pony.ai, an autonomous driving technology company, passed the hearing for its IPO on the Hong Kong Stock Exchange, focusing on safe and reliable autonomous driving solutions [19] - Joyson Electronics, a smart automotive technology solution provider, passed the hearing for its IPO on the Hong Kong Stock Exchange, ranking second in the automotive passive safety product sector [20] - WeRide, an autonomous driving technology company, passed the hearing for its IPO on the Hong Kong Stock Exchange, ranking second in the global market for urban road L4-level autonomous driving [21] - Wangshan Wangshui, a biopharmaceutical company, passed the hearing for its IPO on the Hong Kong Stock Exchange, focusing on innovative small molecule drug development [22] - Baitian Tianheng, an innovative biopharmaceutical company, passed the hearing for its IPO on the Hong Kong Stock Exchange, developing ADC drugs and multi-specific antibody drugs [23] - Tianyu Semiconductor, a silicon carbide epitaxial wafer supplier, passed the hearing for its IPO on the Hong Kong Stock Exchange, holding a 38.8% market share in the silicon carbide epitaxial wafer market [24] Group 5: Companies Approved for Filing - Six companies, including Naxin Micro and Baiguoyuan, received approval for overseas IPOs and domestic unlisted shares "full circulation" filing from the China Securities Regulatory Commission [25]

Core Viewpoint - Cambridge Technology (6166.HK), a supplier of optical and wireless connectivity devices (OWCD), is launching an IPO from October 20 to October 23, aiming to raise up to HKD 4.616 billion with a maximum share price of HKD 68.88 [1] Fundraising Details - The IPO will issue 67.0105 million H-shares, with 10% allocated for public offering in Hong Kong and the remaining for international placement [1] - The entry fee for one lot of 50 shares is HKD 3,478.73, and the shares are expected to commence trading on October 28 [1] Use of Proceeds - 50% of the net proceeds will be used to enhance production capacity [1] - 20% will be allocated for further development of R&D talent and technology [1] - 5% is designated for business promotion and marketing [1] - 15% will be used for overseas strategic investments [1] - 10% will cover general corporate purposes, including working capital needs [1]

Core Viewpoint - Cambridge Technology has passed the main board listing hearing of the Hong Kong Stock Exchange, with Guotai Junan International as its sole sponsor [2] Group 1: Company Overview - As of 2024, Cambridge Technology ranks fifth in the global Optical and Wireless Connectivity Devices (OWCD) industry by sales revenue, holding a market share of 4.1% [2] - The company is primarily engaged in the design, development, and sales of connectivity and data transmission devices, covering broadband, wireless, and optical module technologies [2] Group 2: Technological Advancements - Cambridge Technology is one of the first companies globally to deploy 800G and 1.6T optical module products [2] - The company is actively involved in research and development of silicon photonic modules, Linear Pluggable Optical Devices (LPO), immersion liquid cooling optoelectronic devices, and Co-Packaged Optics (CPO) technology [2]