Innolight stumbles in Hong Kong debut

Zhongji Innolight fell 5.9% on its Hong Kong trading debut after raising HK$53.41 billion ($6.81 billion), WSJ reported, marking a weak start for the Chinese optical transceiver maker behind the city's largest listing since Alibaba in 2019. The stock slipped despite pricing below the top of its range, as AI infrastructure names came under pressure

Source: WSJ