Chinese memory chip manufacturer Longsys plans to go public in Hong Kong, aiming to raise no more than HK$6.28 billion (US$801 million), joining the ranks of AI hardware supply chain companies seeking financing in Hong Kong. According to its listing documents released on Monday, Longsys plans to issue approximately 26 million shares at a price not exceeding HK$240.6 per share, representing a discount of about 45% from its closing price on the Shenzhen A-share market last Friday. Longsys is expected to list in Hong Kong on September 8, with its A-shares having risen by about 50% so far this year.