Core Viewpoint - Wallan Technology (6082.HK) has successfully listed on the Hong Kong Stock Exchange, marking the first IPO of 2026, with its stock price surging 75.82% from the issue price of HKD 19.60 to HKD 34.46 at closing, achieving a market capitalization exceeding HKD 100 billion [1] Group 1: IPO Details - Wallan Technology issued approximately 247,692,800 H-shares, raising a total of HKD 55.83 billion, making it the largest IPO since the implementation of Chapter 18C of the Hong Kong Stock Exchange [1] - The stock's closing price positioned it as the 7th highest in terms of closing gains among 27 new stocks over the past month [1] Group 2: Company Focus and Achievements - Wallan Technology specializes in developing General-Purpose Graphics Processing Unit (GPGPU) chips and intelligent computing solutions, supporting AI applications from cloud to edge [1] - The company is one of the earliest in China to commercialize kilowatt clusters, demonstrating strong stability and fault tolerance in large-scale training with over 30 days of uninterrupted service [1] - Wallan Technology has applied for over 1,600 patents globally, ranking first among Chinese GPGPU companies, with over 600 patents granted and a 100% authorization rate for invention patents [2] - The company is the first and only Chinese GPGPU company invited to speak at the Hot Chips conference and has received the prestigious SAIL award at WAIC 2022 and 2025 [2]