Home / Business and Economy / China's Ligent Eyes $723M IPO on Hong Kong Exchange
China's Ligent Eyes $723M IPO on Hong Kong Exchange
14 Sep
Summary
- Ligent Technologies seeks HK$5.67 billion IPO in Hong Kong.
- The company is offering 172 million shares at HK$32.96 each.
- Ligent's shares are scheduled to debut on September 22.
Ligent Technologies, a maker of optical communications equipment, is seeking to raise HK$5.67 billion (approximately $723.02 million) through an initial public offering in Hong Kong. The company has announced plans to offer 172 million shares at an offer price of HK$32.96 per share.
Controlled by the Chinese technology conglomerate Hisense Group Holding, Ligent specializes in optical transceivers, optical chips, and network terminals. These products are integral to the functioning of data centers, cloud computing infrastructure, and telecommunications networks.
The upcoming debut of Ligent's shares on the Hong Kong stock exchange is scheduled for September 22. This offering follows earlier reports from September 3, indicating the company was targeting approximately $800 million in its IPO.
