Innolight, China's leading maker of optical transceivers, closes 2% below its Hong Kong IPO price after raising ~$6.8B, the city's biggest listing since 2019 (Bloomberg)
The Hong Kong debut priced as a blockbuster, but the stock did not hold its offer level.
Innolight raised about $6.8 billion in Hong Kong’s biggest listing since 2019. The optical transceiver maker finished 2% below its IPO price in its first session. Techmeme frames the company as China’s leading supplier in that market. Techmeme’s note
Innolight raised about $6.8 billion in Hong Kong’s biggest listing since 2019. The optical transceiver maker finished 2% below its IPO price in its first session. Techmeme frames the company as China’s leading supplier in that market. Techmeme’s note
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