TechLigent Technologies closes up 4.6% in Hong Kong debut
Nikkei Asia reports the fiber-optic equipment maker raised HK$5.67 billion as investors sought exposure to suppliers serving AI data centers.
TLDR
South China Morning Post reports that Ligent, Hisense’s optical-communications unit, rose as much as 19.2% before closing its Hong Kong debut at HK$34.48, up 4.6%. The paper says Hisense retains a 40.1% stake following the IPO. Finimize reports that Ligent plans to put 52.9% of net proceeds into research and development, mainly for faster optical products and chips, and 25.1% into expanding production capacity.
Ligent Technologies closes up 4.6% in Hong Kong debut
Nikkei Asia reports the fiber-optic equipment maker raised HK$5.67 billion as investors sought exposure to suppliers serving AI data centers.
TLDR
South China Morning Post reports that Ligent, Hisense’s optical-communications unit, rose as much as 19.2% before closing its Hong Kong debut at HK$34.48, up 4.6%. The paper says Hisense retains a 40.1% stake following the IPO. Finimize reports that Ligent plans to put 52.9% of net proceeds into research and development, mainly for faster optical products and chips, and 25.1% into expanding production capacity.
