Svmuu News: Optical module manufacturer Zhongji Innolight Co. has received approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange to list in Hong Kong, in what is expected to be one of the largest IPOs on the Hong Kong market in recent years.
It is reported that Zhongji Innolight received approval from Chinese securities regulators on July 17 for its plan to list on the Hong Kong Stock Exchange, having previously obtained listing authorization from the Hong Kong Stock Exchange. If the listing proceeds smoothly, the company is expected to raise up to $8 billion, making it one of the most closely watched initial public offerings in Hong Kong’s capital markets in recent years.
Zhongji Xuchuang is primarily engaged in the research, development, and manufacturing of high-speed optical communication modules. Benefiting from the global wave of AI data center construction, demand for 800G and 1.6T high-speed optical modules is growing rapidly. The market believes that this Hong Kong listing will further enhance the company’s influence in international capital markets and provide financial support for expanding its global AI infrastructure supply chain footprint. (Bloomberg)