China’s Zhongji Innolight 300308 -2.79%decrease; down pointing triangle plans to raise more than US$7 billion in a Hong Kong public offering that would be the city’s largest listing so far this year.
The Shenzhen-listed optical transceiver maker plans to raise as much as 55.04 billion Hong Kong dollars, equivalent to US$7.02 billion, by issuing 54.5 million shares at a maximum offer price of HK$1,010 each. The shares are expected to start trading in Hong Kong on July 30.
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