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Shares of Chinese AI provider Zhongji Xuchuang fell on its first day of trading in Hong Kong
Zhongji Innolight, a Chinese optical module manufacturer, saw its stock price fall 1.28% on Thursday, its first day of trading on the Hong Kong Stock Exchange. The company raised 53.4 billion Hong Kong dollars (approximately $6.8 billion) through its initial public offering (IPO), with a share price of 980 Hong Kong dollars per share—lower than the previously indicated upper limit of 1,010 Hong Kong dollars. Zhongji Innolight is the world’s largest provider of optical interconnect solutions, with products used in AI data centers, cloud computing, and high-speed networks.
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