July 21, according to media reports, Zhongji Innolight's Hong Kong IPO plans to offer shares at up to HKD 1,010 per share, raising at least USD 8 billion. Zhongji Innolight plans to set the issue price on July 27 and list on July 30.
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Zhongji Innolight's Hong Kong IPO Plans to Offer Shares at Up to HKD 1,010 Per Share, Raising at Least USD 8 Billion
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BlackRock, Hillhouse, and Temasek Reportedly to Become Cornerstone Investors for Zhongji Innolight's Hong Kong IPO
On July 21, according to Bloomberg, people familiar with the matter said that BlackRock, Hillhouse, and Temasek will become cornerstone investors for Zhongji Innolight's potential $8 billion Hong Kong listing plan. These cornerstone investors are expected to subscribe to nearly half of the issuance size, in exchange for guaranteed allocation quotas to hold the stock for a fixed period (usually six months). Zhongji Innolight plans to start accepting investor subscriptions as early as Wednesday, which could become the largest equity offering in Hong Kong in seven years.
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