Optical Parts Maker Zhongji Innolight Plans $8 Billion Hong Kong Stock Sale

Zhongji Innolight, which makes parts that speed data through AI data centres, plans an $8 billion Hong Kong stock sale at up to HK$1,010 per share, Reuters reported July 21. It would be Hong Kong's largest such sale since Alibaba in 2019. The target grew from $7 billion in just five days as demand from AI data centres surged.