Bloomberg: Zhongji Innolight has received approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange, plans to raise $8 billion through Hong Kong IPO

According to a report by Bloomberg, optical module company Zhongji Innolight Co. has received approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange for its plan to list in Hong Kong. It is expected to become one of the largest IPOs in the Hong Kong market in recent years. Reports indicate that Zhongji Innolight obtained approval from Chinese securities regulators for its Hong Kong listing plan on July 17, after previously securing listing permission from the Hong Kong Stock Exchange. If the listing is successfully completed, the company’s fundraising scale is estimated to reach up to $8 billion, making it one of the most highly anticipated new stock projects in Hong Kong’s capital market in recent years.