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Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong
Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong debut, giving it a ~$4.6B market cap, after raising ~$727M, the latest Hong Kong AI IPO
TL;DRChinese chipmaker Ligent raised $727M and debuted in Hong Kong at $4.6B valuation.
Why it matters: AI infrastructure demand is driving Hong Kong IPO activity and validating chip supply chain alternatives to U.S. makers.
Computing networks maker Ligent Technologies Inc.'s shares rose in their debut on the Hong Kong stock exchange on Tuesday …
Read full articleSource: Bloomberg · Opens in new tab