Zhongji Innolight adds US$959.8M to Hong Kong's biggest IPO of 2026
What's the deal? Chinese optical component maker Zhongji InnolightDealroom has a profile for this one. Try Dealroom → has raised an additional US$959.8M by exercising the over-allotment option on its Hong Kong listing. The company issued nearly 8.2 million new shares at US$118.5 apiece — 15% of the total offered in its July IPO.
The full picture: Zhongji raised US$6.45B in July, the biggest Hong Kong offering this year. With the greenshoe shares added, the IPO now totals US$7.42B.
The over-allotment shares were priced 3.4% below Wednesday's closing price of US$122.7. Following the issuance, H shares under the IPO rose to 62.7 million, or 5.32% of total share capital.
Why now? Zhongji became eligible for Stock Connect on Thursday, opening access to mainland investors through the cross-border trading link. Its shares jumped 4% on the news.
The signal: Zhongji's expanded raise underscores Hong Kong's return as a listings hub, with fresh momentum in the market. Shein's Hong Kong IPO reportedly values the retailer at $26.5 billion, and Baidu plans a primary listing in the city next month — signs that both Chinese firms and investors are leaning back into the exchange.
Read more: thestandard.com.hk
Image credit: cbowns
