A Chinese maker of optical components used in artificial intelligence data centers is moving forward with what could become the largest stock offering in Hong Kong this year.
Zhongji Innolight announced Friday that the Hong Kong Stock Exchange’s listing committee has given the green light for the company’s listing plan. The Shenzhen-listed firm made its initial public offering documents public following that approval, a step that also signals clearance from China’s securities regulator.
According to sources who spoke in June, the company is looking to raise as much as $7 billion through the Hong Kong listing. If achieved, that figure would top the $3.1 billion share sale completed by Luxshare Precision on July 6, which currently holds the title of Hong Kong’s largest offering of the year, according to LSEG data.
Hong Kong’s IPO market has been on a record-breaking pace in 2026. Companies have collectively raised $33.8 billion through new listings so far this year — more than twice the $16.4 billion raised during the same stretch in 2025, LSEG data shows.
