Montage Technology Shares Surge in Hong Kong Debut

By Sherry Qin

Shares of Chinese chip maker Montage Technology gained in their trading debut in Hong Kong after the company's secondary listing raised US$901 million.

The chip maker's shares gained as much as 58% to HK$168.00, equivalent to US$21.50, early Monday from its listing price of HK$106.89, the top end of its offered range.

Shanghai-listed Montage was founded in 2004 and specializes in interconnect chips that are critical for data centers and cloud computing. It plans to allocate most of its proceeds to research and development of interconnect chips.

Citi analysts see Montage as a rare opportunity among Chinese semiconductor names to gain exposure to the global data center expansion. Montage's growth prospects are strongly tied to the global AI infrastructure build-out, they said in a recent note, and project a compound annual net profit growth of 47% between 2024 and 2027.

Montage's listing follows blockbuster IPO debuts by industry peers Moore Threads and MetaX in Mainland China, as well as Biren Technology in Hong Kong.

Chinese chip companies have accelerated to go public in recent months as Beijing has made technological self-sufficiency a priority in its next five-year plan, and investor appetite for AI-related companies remains strong.

Kunlunxin, the chip unit of Baidu, and Enflame Technology, one of China's so-called "Four Little Dragons" in the graphics processing units sector, are also on track to list in Hong Kong and Shanghai, respectively.

Write to Sherry Qin at sherry.qin@wsj.com

(END) Dow Jones Newswires

February 08, 2026 21:29 ET (02:29 GMT)