Longsys Electronics, a Chinese memory chip manufacturer, has announced its intention to go public in Hong Kong, with ambitions to raise up to HK$6.28 billion (equivalent to roughly US$801 million). This move positions Longsys among a growing number of AI hardware supply chain firms seeking capital injections in the Hong Kong market. According to the listing document released on Monday, Longsys plans to issue around 26 million shares, with the offer price capped at HK$240.6 per share. This pricing reflects a roughly 45% discount compared to its closing price on the Shenzhen A-share market last Friday. The company is scheduled to debut on the Hong Kong Stock Exchange on September 8. Moreover, if the over-allotment option is fully exercised, Longsys has the potential to raise an additional sum, bringing the total funds raised to as much as US$1.06 billion.