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Zhongji Innolight Slips 1% in Hong Kong Trading Debut

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Zhongji Innolight's (HKG:3308, SHE:300308) shares opened 1% below the offer price in a muted Hong Kong debut on Thursday morning.

The optical interconnect service provider opened at HK$971 per share, compared with the offer price of HK$980.

Innolight raised about HK$53 billion in net proceeds from its Hong Kong initial public offering.

The deal marks Hong Kong's largest share sale since Alibaba's 2019 listing and Asia's second-largest IPO this year, trailing CXMT's $8.6 billion listing in Shanghai.

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Zhongji Innolight Slips 1% in Hong Kong Trading Debut | FINWIRES