Ligent Technologies jumps 19% in Hong Kong debut, reaching $4.6B market cap
Chinese optical transceiver maker Ligent Technologies Inc. listed on the Hong Kong Stock Exchange on Tuesday and its shares rose 19% in the first trading session. The jump lifted the company's market capitalization to roughly $4.6 billion.
Key points
- Ligent Technologies shares rose 19% on Hong Kong Stock Exchange debut.
- IPO raised roughly $727 million, valuing the company at about $4.6 billion.
- The listing is the latest AI‑focused IPO on Hong Kong’s market.
The IPO raised about $727 million, making it the latest AI‑focused listing in Hong Kong. Ligent, described as a computing‑networks manufacturer, joins a growing roster of Chinese hardware firms seeking capital as the region pushes AI infrastructure development.
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