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<IPO> Zhongji Innolight (300308.SZ) Reportedly to Complete Hong Kong Listing as Early as Jun, Fundraising Size Raised to USD5B
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Mainland optical transceiver module manufacturer Zhongji Innolight (300308.SZ) previously submitted a confidential application to the Hong Kong Stock Exchange. It is reportedly planning to complete the listing as early as June, with the fundraising size increased from the earlier market rumor of USD3 billion to USD5 billion, potentially making it the largest IPO fundraising in Hong Kong since CATL (03750.HK) went public in May last year. The listing is being handled by CICC, GF Securities, Goldman Sachs and M Stanley, among others. The company announced last November that it planned to list in Hong Kong to advance its internationalization strategy and global expansion, as well as to enhance its offshore financing capabilities. Unlike other mainland enterprises that listed in Hong Kong through an "A+H" structure, it ultimately chose to file confidentially, reportedly in order to better manage the listing timetable. (ss/a) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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