The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeChief Whip Applauds Begum Zia for Choosing Bangladesh as Her Permanent HomeRizvi: Bangladesh's Gas, Power Crisis Linked to Global Tensions, Not Govt FailureThree Arrested in Narsingdi for Smuggling 92kg Cannabis in Oil TankerOver 120 Killed in Yemen's Deadliest Clashes in Years as Houthis Target Bab al-Mandab StraitMahdi Amin: Govt Pledges Sustainable Jobs and Safe Work EnvironmentDC Gold Cup Football Tournament Begins in Netrokona with Durgapur XI's VictoryMinister Dulu Calls for Enhanced Public Engagement to Tackle Social CrimesZia Smriti Book Fair Enters Second Day at Bangla AcademyRecord-Breaking Wildfires Scorch Over 500,000 Hectares Across Europe This SummerMinister Announces Locally Developed LSD Vaccine to Protect Bangladesh's CattleState Minister Amit Pledges to Counter Religious DivisionRecent Rainwater Provides Relief to Aman Paddy Farmers in RajshahiMir Helal Advocates Social Resistance to Shield Youth from Drug MenaceWHO Confirms Third Warehouse Attack in Ukraine as Assaults on Aid Facilities IncreaseZahid Hossain Advocates for Social Movement to Create a Crime-Free Society

Zhongji InnoLight Aims to Raise $7 Billion in Hong Kong IPO

Zhongji InnoLight, a leading manufacturer of optical components for AI data centres, has initiated a listing process in Hong Kong to raise up to $7 billion.

By Staff Correspondent
Share
Data centre component maker Zhongji InnoLight seeks $7 bn in Hong Kong listing | Business
BSS

Zhongji InnoLight, the world's largest maker of optical transceivers, has begun taking orders for a listing on the Hong Kong stock exchange that could raise up to HK$55 billion (US$7 billion). This would be Hong Kong's largest share sale since Alibaba's $12.9 billion listing in 2019. The company, which is already listed in Shenzhen, is offering 54.5 million shares at up to HK$1,010 (US$129) each. The listing is expected to occur on July 30 and reflects growing optimism for China's ambitions in the AI sector.

FAQ

- **What is Zhongji InnoLight?** Zhongji InnoLight is a Chinese manufacturer specializing in optical components essential for AI data centres. It is the world's largest maker of optical transceivers, devices that convert electrical and light signals to transmit digital information through optical fibers. - **How much is Zhongji InnoLight seeking to raise?** The company aims to raise up to HK$55 billion (US$7 billion) through its listing on the Hong Kong stock exchange. - **When is the listing expected to take place?** The listing is scheduled to occur on July 30, 2026. - **Why is this listing significant?** This would be Hong Kong's largest share sale since Alibaba's $12.9 billion listing in 2019, indicating strong investor interest in China's AI sector.

Source: BSS

FAQ

What is Zhongji InnoLight?
Zhongji InnoLight is a Chinese manufacturer specializing in optical components essential for AI data centres. It is the world's largest maker of optical transceivers, devices that convert electrical and light signals to transmit digital information through optical fibers.
How much is Zhongji InnoLight seeking to raise?
The company aims to raise up to HK$55 billion (US$7 billion) through its listing on the Hong Kong stock exchange.
When is the listing expected to take place?
The listing is scheduled to occur on July 30, 2026.
Why is this listing significant?
This would be Hong Kong's largest share sale since Alibaba's $12.9 billion listing in 2019, indicating strong investor interest in China's AI sector.

Topics

Comments

More in business

See all →

Latest stories