Zhongji Innolight Seeks US$7.02 Billion in Hong Kong's Biggest Listing This Year
By P.R. Venkat
Zhongji Innolight, a Chinese provider of high-speed optical interconnect solutions, plans to raise more than US$7 billion in a Hong Kong public offering that would be the city's largest listing so far this year.
The Shenzhen-listed company plans to raise as much as 55.04 billion Hong Kong dollars (US$7.02 billion), it said Wednesday.
Zhongji Innolight plans to offer 54.5 million H shares at a maximum offer price of HK$1,010 each. Its shares are expected to start trading on the Hong Kong Exchange on July 30.
The city's biggest listing so far this year is that of Apple supplier Luxshare Precision Industry, which raised US$3.07 billion earlier this month.
Hong Kong has been one of the world's busiest places for listings this year, fueled by a fundraising frenzy largely driven by Chinese companies associated with the artificial-intelligence, biotechnology, and pharmaceutical sectors.
According to the city's stock-exchange data, 40 companies have raised more than US$14 billion through listings in the first three months of this year, marking the strongest first-quarter performance since 2021.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
July 21, 2026 19:06 ET (23:06 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States