Zhongji Innolight Raises $8 Billion in Largest Hong Kong IPO Since Alibaba’s 2019 Debut
Chinese optical transceiver maker Zhongji Innolight is gauging investor demand for an $8 billion initial public offering on the Hong Kong stock exchange. The company filed for the listing and recently secured regulatory approval.
The offering would mark the city’s largest debut since Alibaba raised $12.9 billion in 2019. Shares of the component maker rallied following the approval, and the firm is now proceeding with pricing preparations.
From the sources (3 posts)
@cnbcChina's Zhongji Innolight sees shares surge after Hong Kong listing approval
@techmemeFiling: Zhongji Innolight, China's leading optical transceiver maker, aims for an $8B Hong Kong IPO, the city's largest since Alibaba's $12.9B debut in 2019 (@depsebastian / Bloomberg) (Visit Techmeme dot com for the link and full context!
@businessChina’s Zhongji Innolight is starting to gauge investor demand for its Hong Kong listing, according to terms of the deal seen by Bloomberg News