Zhongji Innolight Lists at HK$971, Down 0.9%; Oversubscribed 15.84x, Net Proceeds HK$52.9 billion

Zhongji Innolight listed on the Hong Kong Stock Exchange today, opening at HK$971, down 0.9% from the offer price of HK$980. The company is the largest IPO in Hong Kong since 2026. The public offering portion was oversubscribed 15.84 times, attracting 62,700 subscribers, with a 70% allotment rate for 50-share lots. Zhongji Innolight globally offered 54.5 million shares, with net proceeds of approximately HK$52.89 billion.