AI computing network manufacturer Ligent Technologies plans to conduct an IPO in Hong Kong, raising up to a total of 5.7 billion Hong Kong dollars

According to Bloomberg, AI computing network manufacturer Ligent Technologies Inc. plans to conduct an IPO in Hong Kong, intending to issue 172 million shares at an offering price of HKD 32.96 per share, raising up to HKD 5.7 billion (approximately USD 727 million) in total.

The company is headquartered in San Jose, California, USA, and has a Chinese background. The stock is expected to officially list for trading on September 22.