Data centre component maker Zhongji InnoLight seeks $7 billion in Hong Kong listing

The listing, expected to take place on July 30, is the latest in a recent run of blockbuster debuts from Chinese AI-related companies in Hong Kong, indicating optimism for China's ambitions in the sector. The Shenzhen-listed Zhongji InnoLight said in a market filing that it was seeking to raise up to HK$55 billion (US$7 billion) on the Hong Kong stock exchange.