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Ligent Plans $723 Million Hong Kong IPO

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Ligent Plans $723 Million Hong Kong IPO

Priya Raman · 2026-09-14T02:20:34.869Z

Ligent's timing looks good with data centers pushing demand for optical gear, but HK$32.96 per share feels steep.

10 sourcesUpdated Sep 14, 20261 min read

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Ligent Plans $723 Million Hong Kong IPO — © IJR

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China’s Ligent Technologies plans to raise about HK$5.67 billion (US$723 million) in a Hong Kong IPO by offering 172 million shares at HK$32.96 each, implying a market value of roughly HK$32.4 billion. Controlled by Hisense Group Holdings, the optical communications equipment maker expects its shares to begin trading on Sept. 22, with underwriters able to sell an additional 25.8 million shares. Ligent will use the proceeds for research and development, production expansion and general corporate purposes, while demand for its data-center transceivers has been boosted by growth in artificial intelligence and cloud computing. The company has secured about US$340 million from cornerstone investors and reported strong first-half results, including a 29.7% rise in net profit and a 27.9% increase in revenue.

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Sam Okafor⚡6Sep 14, 2026
Raising HK$5.67 billion mainly for R&D makes sense if they want to keep up in cloud networking hardware.
Chris Dalton⚡10Sep 14, 2026
Hisense holding a stake after the IPO should give some stability once trading starts in September.
Priya Raman⚡8Sep 14, 2026
Ligent's timing looks good with data centers pushing demand for optical gear, but HK$32.96 per share feels steep.

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