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Zhongji Innolight Hong Kong IPO and Buyback
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2026-07-29 14:43 UTC → 2026-07-29 15:34 UTC ·
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Zhongji Innolight Hong Kong IPO and Buyback
In late July 2026 Zhongji Innolight moved from filing a confidential prospectus to officially launching what it billed as a record H‑share IPO in Hong Kong. The syndicate led by Goldman Sachs, Morgan Stanley, CICC and GF Securities, with participation from Citigroup, HSBC and others, will sell sold about 54.5 million shares. Earlier reports set a reference shares at an offer price of HK$1,010, but the final offer was later confirmed at HK$980 per share, targeting proceeds of raising roughly HK$534‑614 HK$53.4 billion (≈CNY 461‑530 billion). The offering, slated for 30 July, remains (≈US$6.8 billion), the city’s largest since Alibaba’s 2019 listing. Concurrently, Zhongji second‑largest Asian offering of the year. At the same time the company announced a share‑buyback programme for its A‑shares, proposing to repurchase 12‑month A‑share buyback on the Shenzhen Stock Exchange, targeting ¥40‑80 billion over twelve months at a price and priced no higher than 150 % of the 30‑day average prior to price before board approval. The buyback aims to support programme was disclosed after the on‑shore price A‑share fell 15.7 % to ¥908, and fund all repurchased shares will be allocated to equity‑incentive and employee‑stock‑ownership plans, with any unused portion cancelled after three years. Proceeds from the IPO are earmarked for 35 % research and development, 30 % global capacity expansion, 15 % strategic investments and acquisitions, and 10 % working capital. Zhongji supplies optical transceivers for AI data centres and derived about 62 % of its Q1 revenue from the United States. Analysts note that geopolitical tensions around Chinese technology firms remain a risk.
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- 2026-07-29 15:34 UTC Zhongji Innolight Hong Kong IPO and Buyback
- 2026-07-29 14:43 UTC Zhongji Innolight Hong Kong IPO
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