● Importantworld2 outlets covering this

AI supplier Zhongji Innolight raises $6.8 billion in Hong Kong’s biggest IPO since

First publishedJul 28, 00:24 UTC
Last updatedJul 28, 08:03 UTC · 6m ago
11 outletInvesting.com · Stock Market11 outletInvesting.com · Stock Market
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Investing.com -- Chinese optical transceiver maker Zhongji Innolight raised HK$53.4 billion ($6.81 billion) in Hong Kong's largest initial public offering since 2019, underscoring strong investor appetite for companies tied to the global artificial intelligence infrastructure boom. Track IPOs, AI stocks and market-moving news with InvestingPro - now 60% off Shandong Zhongji Electrical Equipment Co Ltd (SZ:300308) priced its offering at HK$980 per share, below the top end of its marketed range of HK$1,010, after selling 54.5 million H shares.

Reported by 2 outlets Investing.com · Stock Market. See all sources ↓

Investing.com -- Chinese optical transceiver maker Zhongji Innolight raised HK$53.4 billion ($6.81 billion) in Hong Kong's largest initial public offering since 2019, underscoring strong investor appetite for companies tied to the global artificial intelligence infrastructure boom. Track IPOs, AI stocks and market-moving news with InvestingPro - now 60% off Shandong Zhongji Electrical Equipment Co Ltd (SZ:300308) priced its offering at HK$980 per share, below the top end of its marketed range of HK$1,010, after selling 54.5 million H shares. Trading is scheduled to begin on July 30. Zhongji manufactures high-speed optical transceivers used in AI data centres and cloud computing networks, making it one of the biggest beneficiaries of surging investment in AI infrastructure.

Read the full report at Investing.com · Stock Market

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In brief
What's the story?
Investing.com -- Chinese optical transceiver maker Zhongji Innolight raised HK$53.4 billion ($6.81 billion) in Hong Kong's largest initial public offering since 2019, underscoring strong investor appetite for companies tied to the global artificial intelligence infrastructure boom. Track IPOs, AI stocks and market-moving news with InvestingPro - now 60% off Shandong Zhongji Electrical Equipment Co Ltd (SZ:300308) priced its offering at HK$980 per share, below the top end of its marketed range of HK$1,010, after selling 54.5 million H shares.
How widely is it covered?
2 outlets, average source rating 6.0/10.
When was it last updated?
6m ago.
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    AI supplier Zhongji Innolight raises $6.8 billion in Hong Kong’s biggest IPO since

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    Investing.com · Stock Market
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