Last updated 18:35:05
HK$150.10
+40.42%
- Listing price
- HK$106.89
- Open
- —
- High
- —
- Low
- —
- Bid / Ask
- — / —
- Volume
- —
Turnover —View source
MONTAGE TECH
06809A+HListed半導體 · 澜起科技是一家全球领先的无晶圆厂集成电路设计公司，专注于为云计算和人工智能基础设施提供创新的互连解决方案。
MONTAGE TECH (瀾起科技) (06809) is a listed Hong Kong IPO. This page brings together the offer price, entry fee, subscription timeline, grey-market context, allotment data and stage-based reference research in one place.
- Offer price
- HK$106.89
- Final offer price
- HK$106.89
- One-lot win rate
- 5.0%
- Proceeds
- HK$7.04B
- Public oversub.
- 707.3x
Predicted 5.3%
Lot / entry fee 100 shares · HK$11K · Sponsor CICC / Morgan Stanley / UBS
- Offer starts Jan 30
- /Offer closes Feb 4
- /Grey market Feb 6
- /Listing Feb 9Now
SubscriptionMONTAGE TECH: subscription-stage reference
The subscription stage draws on the prospectus, sponsor record and early public filings. Allotment results and grey-market prints have not occurred yet.
Earlier stage- Reference rating
- Cautious
- Reference score
- 62.1
- Forecast grey range
- -22.8% – +5.9%
Pre-greyMONTAGE TECH: pre-grey-market reference
The pre-grey stage includes published allotment and public oversubscription data. Grey-market prints are not yet reflected here.
Earlier stage- Reference rating
- Neutral
- Reference score
- 65.9
- Forecast grey range
- -23.9% – +4.5%
Post-greyMONTAGE TECH: post-grey-market reference
The post-grey stage includes grey-market price and turnover observations. Listing-day results still follow official trading and company announcements.
Current- Reference rating
- Neutral
- Reference score
- 70.8
- Forecast first-day range
- +18.3% – +33.0%
View factors and research
Model forecastListing-day trendNeutral-positiveUp probability 83.0%
Published outcome check
First-day resultBig up+63.7%
Our call: Trend call valid
Covered 21/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
High heatOffer size
Weak qualityCornerstone lockup
Strong supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Strong trendRecent same-type trend
Poor trendRecent sector trend
Positive trendValuation
Weak appealFundamental quality
Good qualityGrowth quality
High qualityProfitability
—Cash runway
—Customer concentration
—Cornerstone quality
Strong supportSponsor record
Strong recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordMorgan Stanley
Strong recordA-share pre-grey trend
Poor trendA-share listing-day trend
Poor trendPublic oversubscription
High heatOne-lot win rate
Good heatInternational placing
High heatFinal pricing position
—Actual greenshoe useCumulative use 0.0%
Good supportGrey market return
Strong trendThe assessment and probability ranges are informational only and are not investment advice.
AI Research Report
Post-greyThe analysis report for this IPO is being generated.
MONTAGE TECH: grey-market trend
MONTAGE TECH: predicted allotment
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 5.3%
- A tail · Apply 400 lots
- 0.33 lots
- B head · Apply 500 lots
- 0.57 lots
- Top hammer
- 9.96 lots
Official 5.0%
Official 0.8 lots
Official 0.68 lots
Official 15 lots
Most likely allotment pattern：Larger Pool A applications get less extra allotment；Pool B allotment declines gradually with sizeView full allotment-odds research
How to read this page
These answers combine this IPO’s published figures with clearly labeled model estimates. They explain how to read the modules above and are not investment advice.
What is the one-lot allotment rate for MONTAGE TECH?
Public allotment filings put the official one-lot rate at 5.0%, versus this site's pre-allotment model estimate of 5.3%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for MONTAGE TECH?
Based on the prospectus's legal application tiers, A-tail is 400 lots and B-head is 500 lots, representing about HK$4.3M and HK$5.3M of application principal. Official average allotment was 0.8 lots and 0.68 lots, versus pre-allotment model estimates of 0.33 lots and 0.57 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of MONTAGE TECH be treated as the listing price?
The compiled grey-market observation is about +41.1%, versus +63.7% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does MONTAGE TECH have three reference ratings?
The current status is "Listed", so start with the post-grey section. Subscription, pre-grey and post-grey each use only the public information available at that point, so the score can change. Labels are high attention / neutral / caution only — informational comparison, not a buy or subscribe call.