Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong debut, giving it a ~$4.6B market cap, after raising ~$727M, the latest Hong Kong AI IPO (Sangmi Cha/Bloomberg)
Ligent’s debut put a Hong Kong-listed price on AI networking demand.
The Chinese optical transceiver maker rose 19% in its first day of trading in Hong Kong. The move gave Ligent a market value of about $4.6 billion after an IPO that raised roughly $727 million. Bloomberg described it as the latest Hong Kong AI-related listing. Techmeme's note
The Chinese optical transceiver maker rose 19% in its first day of trading in Hong Kong. The move gave Ligent a market value of about $4.6 billion after an IPO that raised roughly $727 million. Bloomberg described it as the latest Hong Kong AI-related listing. Techmeme's note
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