Zhongji Innolight adds HK$7.94B 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 HK$7.94 billion by exercising the over-allotment option on its Hong Kong listing. The company issued nearly 8.2 million new shares at HK$980 apiece — 15% of the total offered in its July IPO.
The full picture: Zhongji raised HK$53.4 billion in July, the biggest Hong Kong offering this year. With the greenshoe shares added, the IPO now totals HK$61.4 billion.
The over-allotment shares were priced 3.4% below Wednesday's closing price of HK$1,015. 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
