Ligent Technologies Jumps in Hong Kong Debut, Outpacing Key Indices

Ligent Technologies jumps in Hong Kong debut, outpacing key indices

HONG KONG, Sept 22 : Shares of Chinese fibre-optic communications equipment maker Ligent Technologies jumped as much as 19.2 per cent to HK$39.3 a share in their Hong Kong debut on Tuesday, after the company raised HK$5.67 billion ($722.70 million) with its share sale.The stock last traded at HK$36.20 a share

Ligent Technologies to Debut After $727 Million in Hong Kong IPO

AI computing networks maker Ligent Technologies Inc. is set to debut on the Hong Kong stock exchange on Tuesday after raising HK$5.7 billion ($727 million) in a initial public offering, adding to this year’s stampede of companies capitalizing on the global artificial intelligence buildout.

Ligent Technologies to debut on Hong Kong stock exchange after $727M IPO

Ligent Technologies raises $727M in Hong Kong IPO, pricing 172 million shares at HK$32.96 each for a $4.13B valuation as AI infrastructure demand