Zhongji Innolight Raises Hong Kong IPO to $7 Billion After Listing Hearing
Zhongji Innolight cleared a Hong Kong listing hearing and raised its initial public offering target to $7 billion from $5 billion, citing stronger investor demand during roadshows.
The optical transceiver maker supplies more than half of Nvidia’s 800G modules, with Google and Amazon accounting for 22% and 11% of revenue. More than 90% of sales come from outside China.
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@poezhao06051/ $7 billion. Hong Kong’s largest IPO in years just cleared its listing hearing. The target was raised from $5 billion after investor demand during roadshows exceeded expectations.
@poezhao06052/ The company: Zhongji Innolight, China’s largest maker of optical transceivers for AI data centers. It supplies more than half of Nvidia’s 800G optical modules. Google is 22% of revenue. Amazon, 11%. More than 90% of sales come from outsi