Zhongji Innolight raises HK$53.41 billion in Hong Kong listing, Asia’s second-biggest IPO of 2026
Key Takeaways
- •Zhongji Innolight priced its Hong Kong share sale at HK$980 per share and raised HK$53.41 billion.
- •The offering is Hong Kong’s largest equity sale in nearly seven years.
- •The company said it will use the proceeds for research and development, manufacturing expansion and acquisitions.
- •Trading in Zhongji Innolight shares is scheduled to begin on July 30.
- •The share sale is the second-biggest initial public offering in Asia in 2026.
Chinese optical components maker Zhongji Innolight has priced its Hong Kong share sale at HK$980 per share, raising HK$53.41 billion in the city’s largest equity offering in nearly seven years.
The AI infrastructure supplier said it plans to use the proceeds for research and development, manufacturing expansion and acquisitions. Trading is scheduled to begin on July 30.
The deal marks one of the largest listings in Asia this year, as demand for AI infrastructure continues to drive fundraising in the sector. Zhongji Innolight’s share sale is the second-biggest initial public offering in Asia in 2026, underscoring how Hong Kong remains a key venue for large capital raisings even as global markets stay selective. The offering also adds to a run of big-ticket AI-related fundraisings that have attracted investor attention to suppliers tied to data-center buildouts.
Zhongji Innolight raised record funds in Hong Kong amid booming AI infrastructure demand and expansion.