Just_super | E+ | Getty Images
The Chinese optical transceivers firm has started to gauge interest from investors, and details such as size and timing may change while deliberations are ongoing, Bloomberg reported, citing people familiar with the matter.
The deal size will exceed Luxshare Precision’s $3.1 billion IPO earlier this month, making it the largest listing in Hong Kong this ​year.
Innolight didn’t immediately respond to a request for comment.
Hong Kong is seeing a wave of listings from Chinese companies that are involved in the artificial intelligence supply chain.
Hong Kong’s IPO market, which has raised HK$209.9 billion raised across 85 new listings, is the strongest first-half result in five years, according to a report by KPMG.
“Looking ahead, the market boasts a record-breaking pipeline of over 500 active IPO applicants (including confidential filings),” KPMG said, adding that tech companies will continue to be one of the main growth engines of the city’s IPO market.
Zhongji Innolight shares last traded 4.7% higher.
About the Author
