CNBC·2 min read·medium
China's Zhongji Innolight sees shares surge after Hong Kong listing approval
J
Justina Lee
✦AI Summary
Chinese optical transceivers firm Zhongji Innolight saw its shares rise following approval for an $8 billion Hong Kong listing. This deal is expected to be the largest IPO in Hong Kong this year, reflecting a trend of AI-related companies listing in the city.
Shares of China's Zhongji Innolight surged as much as 8% Monday before paring some gains, after the company received approval for a major Hong Kong listing worth up to $8 billion on Friday, in what is likely to be one of the city's biggest in years.
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