
Lightelligence Shares Surge Nearly 400% in Hong Kong Debut as Investors Bet on Photonics Chips
Lightelligence, the first mainland Chinese photonics chipmaker to go public in Hong Kong, saw its shares surge nearly 400% on trading debut, opening at HK$880 versus an offer price of HK$183.2. The Shanghai-based company raised HK$2.4 billion in its IPO, with the retail tranche oversubscribed 5784.7 times, as investors bet on optical computing chips as an alternative to conventional semiconductors for AI data centres.