Chinese optical parts manufacturer Zhongji Innolight is set to price its Hong Kong initial public offering (IPO) below the maximum price, Bloomberg News reported on Monday, July 27, 2026, citing sources familiar with the matter. The Shenzhen-listed company plans to offer 54.5 million shares at HK$980 (approximately $124.96) each, below the maximum price of HK$1,010 per share.

According to data from the London Stock Exchange Group (LSEG), this listing will be the largest share sale in Hong Kong in nearly seven years, since Alibaba's secondary listing raised $12.9 billion in 2019. The Innolight IPO is also the second-largest listing in Asia this year, following Chinese chipmaker CXMT's $8.6 billion Shanghai IPO.

Zhongji Innolight specializes in manufacturing optical transceivers, which are small devices that facilitate the transmission of large amounts of data through fiber optic cables. The company did not immediately respond to requests for comment.

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