Innolight guides HK IPO price below top

Zhongji Innolight is guiding potential investors to a Hong Kong initial public offering price of HK$980 per share, below the marketed top of HK$1,010. The indicated price forms the basis for current discussions with investors as the company prepares its share sale. The guidance places the deal below the maximum level previously outlined in marketing materials.

The Hong Kong offering is set to cover 54.5 million shares at the guided HK$980 price. On that basis, the deal size is being framed using this single price point across the entire block of shares. The offer structure, as described, centers on this uniform pricing level for all shares in the transaction.

Zhongji Innolight is already listed in Shenzhen, where it operates as a maker of optical transceivers and related optical equipment. Its products are used in fibre-optic data transmission, placing the company in the broader optical components and data-communications hardware sector. The planned Hong Kong listing would provide an additional trading venue alongside its existing domestic listing.

The 54.5 million shares designated for the Hong Kong offering represent a substantial issuance tied to the company’s role in optical parts manufacturing. By setting a specific guidance level for the price per share, the company is aiming to align investor expectations with its current valuation goals in the cross-border listing.

Coverage of the planned pricing indicates that the HK$980 guidance and share count are based on information that could not be immediately verified. Reports note that Reuters was unable to confirm the details of the pricing level at the time of publication. The information on pricing therefore reflects guidance circulated to investors rather than a formally announced final price.

Zhongji Innolight did not immediately respond to requests for comment on the reported Hong Kong pricing guidance. In the absence of a direct company statement, the reported HK$980 level and 54.5 million share figure remain indicative rather than officially confirmed. Further updates would depend on formal disclosure from the company or the completion of the bookbuilding process.