Zhongji Xuchuang has received approval from the Hong Kong Stock Exchange to list and raise 8 billion USD

According to Bloomberg, optical module company Zhongji Innolight Co. has received approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange to plan for a listing in Hong Kong, which is expected to become one of the largest IPOs in the Hong Kong market in recent years.

It is reported that Zhongji Innolight received approval for its Hong Kong listing plan from Chinese securities regulators on July 17, having previously obtained listing permission from the Hong Kong Stock Exchange.

If the listing is successfully completed, the company is expected to raise up to $8 billion, making it one of the most watched new stock projects in the Hong Kong capital market in recent years. Zhongji Innolight is primarily engaged in the research and manufacturing of high-speed optical communication modules, benefiting from the global wave of AI data center construction, with rapidly growing demand for 800G and 1.6T high-speed optical modules.

The market believes that this listing in Hong Kong will further enhance the company's international capital influence and provide financial support for expanding its global AI infrastructure supply chain layout.