Data centre component maker Zhongji InnoLight seeks $7 billion in Hong Kong listing

A Chinese manufacturer of optical components for AI data centres on Wednesday started taking orders for a listing that could be Hong Kong’s biggest in nearly seven years.

The Shenzhen-listed Zhongji InnoLight said in a market filing that it was seeking to raise up to HK$55 billion (US$7 billion) on the Hong Kong stock exchange.

That would mark the city’s largest share sale since Chinese tech behemoth Alibaba’s mega $12.9 billion listing in 2019.