Ligent Files for $727M Hong Kong IPO After Rival's $6.8B Debut — SkimNews
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- Ligent Technologies Inc. is seeking to raise as much as HK$5.7 billion (~$727M) in a Hong Kong IPO, per its filing
- Ligent is described as an AI computing networks maker and San Jose-based Chinese optical module maker, positioning the raise around demand for AI infrastructure components
- Zhongji Innolight, Ligent's rival, completed a $6.8B Hong Kong debut in July, establishing a recent comparable for Ligent's offering
Why it matters: Ligent's ~$727M filing comes directly on the heels of rival Zhongji Innolight's $6.8B Hong Kong debut in July, showing Chinese optical module makers — suppliers into AI computing networks — are using Hong Kong as a parallel fundraising venue, with Ligent targeting roughly a tenth of the capital its competitor secured.
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