Zhongji Innolight Targets $8 Billion Hong Kong IPO — City's Largest Since Alibaba in 2019

Reuters reported July 21, 2026 that Zhongji Innolight, the world's top optical module maker, is planning an $8 billion Hong Kong listing with shares priced up to HK$1,010 each. The deal would be Hong Kong's largest IPO since Alibaba's 2019 listing. AI data centre demand for high-speed optical transceivers is driving the offering. The figure rose from $7 billion in five days.