On February 3, insiders with knowledge of the situation reported that Montage Technology, a Chinese chip design firm, intends to fix the issue price for its Hong Kong stock market debut at the uppermost tier of the indicated range, with aspirations to garner HK$7 billion. The Shanghai-headquartered enterprise plans to offer 65.9 million shares at a price of HK$106.89 per share, marking a nearly 47% reduction from the closing price of RMB 177.93 on the preceding Monday. Initially, Montage Technology had scheduled the cutoff for institutional investor subscriptions for Wednesday, yet it has since advanced this date to Tuesday. Established in 2004, Montage Technology specializes in crafting chips that expedite data circulation within data centers and enhance the performance of AI accelerators. The company has disclosed that the funds raised from this public offering will be allocated towards attracting top talent, making strategic investments, and executing mergers and acquisitions.